Sprint Raising More Capital for Network Expansion

[cdmagurus.com]

Sprint is looking to raise more cash for covering a variety of expenses. To that end, the company today kicked off a sale of $1 billion in senior notes. The company said proceeds from the note sale will be used for general corporate purposes, debt maintenance, and network expansion and modernization. The company has held numerous such sales over the last few years to keep up with the costs of building and deploying its LTE 4G network.


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