Deals
T-Mobile Borrows $3 Billion in Heated Fight for 5G Airwaves
- Debt sold in three parts, with longest maturing in 2031
- Peers Verizon and AT&T may also tap bonds to finance bids
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T-Mobile US Inc. borrowed $3 billion as the mobile carrier engages in an expensive battle to buy more 5G airwaves.
That was up from an original $2 billion and came in three parts, maturing as late as 2031. The proceeds will be used for general corporate purposes, which may include financing acquisitions of additional spectrum and refinancing debt, according to a statement Monday.