T-Mobile US said Monday it plans to sell...
T-Mobile US said Monday it plans to sell more than 66 million of its shares -- valued Tuesday at about $1.8 billion -- to buy additional spectrum. The sale would reduce majority owner Deutsche Telekom’s stake in the company from…
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74 percent to 67 percent, although DT said it is not selling its own shares in the carrier (http://t-mo.co/1gHaA8T). Former MetroPCS shareholders currently own 26 percent of T-Mobile. New Street Research analyst Jonathan Chaplin said in an email to investors Tuesday that the sale could mean T-Mobile is raising funds to purchase spectrum on the 700 MHz A block, though the H block and the LightSquared spectrum are also possible contenders. “The A-Block seems most likely,” Chaplin said. “The only other low-band spectrum we could think of that is unused is the D&E-Block,” which he doubted Dish Network and AT&T would be willing to sell.