Sprint to raise $3.5 billion through sale, lease-back of airwaves: WSJ

Sprint to raise $3.5 billion through sale, lease-back of airwaves: WSJ
 

Sprint Corp (S.N), the No. 4 U.S. wireless carrier, is preparing to mortgage a little more than 10 percent of its wireless airwaves to raise cash, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The company, whose majority owner is Japan's SoftBank Group (9984.T), believes the airwaves are worth more than $14 billion and will try to raise about $3.5 billion initially, the Journal said.
Sprint could not be immediately reached for comment.
In November, Sprint signed a $1.2 billion deal for the sale and lease-back of certain leased devices and in April,... read more

 
12 October 2016 in Science &Technology, Views: 53
Source: Reuters
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