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Sprint Sets To Raise $2 Billion « My Montage

Sprint Sets To Raise $2 Billion

February 28, 2012 2 Comments

Sprint Nextel Corp plans to raise $2 billion in debt in a private transaction, the company said on Monday.

Sprint, which is spending $7 billion on a network upgrade, said it would use the funds for general purposes, including its network upgrade or potential funding of Clearwire Corp , in which it already has a majority stake.

The No. 3 U.S. mobile provider said the notes would be due in 2017 and 2020. Sprint already sold $4 billion in bonds in November to help it fill a funding gap for its network upgrade and its commitment to pay more than $15 billion to Apple Inc for their iPhone agreement.

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2 Comments to “Sprint Sets To Raise $2 Billion”
  1. Doreen Vance says:
    February 28, 2012 at 10:34 am

    I hope it works out, I really do because Sprint has had such good coverage in my area.Hope this is for the best.

  2. Kenneth McNair says:
    March 6, 2012 at 10:34 am

    i use to have sprint a while back..good service but switched to at&T a while ago because of the iPhone

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