AT&T to Seek $14 Billion Loan From Banks for 5G Airwaves
- Competitive auction among providers now past $80 billion
- T-Mobile just sold $3 billion of bonds to help buy spectrum
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AT&T Inc. is in early discussions with a group of banks to raise $14 billion to help buy more 5G airwaves, according to people with knowledge of the matter.
It will be structured as a 364-day delayed-draw term loan with commitments due on Jan. 27, the people said, asking not to be named discussing a private transaction. Bank of America Corp. is leading the transaction, they said.