- Sprint (S +1.3%) plans to sell debt due in 2024 through a private offering. No offering size has yet been given. The #3 U.S. carrier says it will use the proceeds for "general corporate purposes, which may include, among other things, retirement or service requirements of outstanding debt and network expansion and modernization." (PR)
- Sprint already had $33.6B in debt at the end of Q3, to go with $10.7B in cash/investments. In July, 78% owner SoftBank promised Sprint would spend $16B in capex over the next two years, as it races to neutralize Verizon/AT&T's 4G coverage edge.
at Investor's Business Daily (Thu, 5:19PM)