T-Mobile aims to buy enough low-band spectrum to cover whole US

Huh... no kidding. That would make me REALLY Happy!

T-Mobile US says it has more money than it needs as it gets ready for a major spectrum auction scheduled for early next year. The company wants to get enough low-band spectrum to cover the whole US, and will be able to achieve that with billions of dollars to spare, T-Mobile CFO Braxton Carter said today at a financial conference hosted in Arizona by Deutsche Bank.

After consulting with the major credit rating agencies, T-Mobile found that it can spend up to $10 billion without harming its ratings. But T-Mobile will probably only need $1 billion or so to achieve its primary goal at the auction, Carter said. (Here's a recording of Carter's remarks; FierceWireless also has a roundup of what he said.)

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