Sprint has filed documents with the SEC in hopes to raise some $500 million. The carrier plans to offer senior unsecured notes which will mature in August 2017, and use the money for such things as general business expenses, network expansion, debt services and acquisitions.
This comes after they posted another bad quarter and after announcing their intent to acquire Virgin Mobile USA for $483 million. To be fair, Sprint is trying to improve its financial footing, and in that sense they’ve recently announced the so called “Network Advantage” outsourcing deal with Ericsson. Still, I’m not sure that alone can help — Palm Pre is cool, but they need more compelling offering across market segments…
[Via: PhoneScoop]