AT&T Raising Funds, Likely to Pay for C-Band Buys
AT&T is raising $14.7 billion for “general corporate purposes,” which includes “financing acquisitions of additional spectrum,” said a Friday filing at the SEC. “We assume this is specifically for the C-Band,” New Street’s Jonathan Chaplin told investors Wednesday. AT&T likely…
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could spend up to $27.3 billion in the auction, he said. AT&T is thought to be one of the top bidders in the midband auction.