T-Mobile US Inc. said on Monday it was starting an offering of 66.15 million of its common shares and would use the proceeds for purposes such as capital investments and any opportunity it gets to buy spectrum.
T-Mobile, the number-four U.S. mobile operator, which is 74% owned by Deutsche Telekom, said it intends to give the underwriters of the offering the option to buy up to 6.6 million more shares.
T-Mobile created some excitement among some investors when it said on November 5 that it could look to raise money for spectrum purchases via a debt or equity offering.
T-Mobile US shares ducked back 2.9% from Monday's close to $26.18 U.S., in a 52-week range of $16.01 to $29.50 U.S.
Tech Insider
