T-Mobile Raises $2.94 Billion To Fund Stock Buybacks, Dividends, and Debt Refinancing
T-Mobile USA plans to raise 2.75 billion euros through a secondary public offering, with the proceeds used for corporate purposes and to refinance debt. Analysts raise price targets due to strong revenue and subscriber growth. Telecom companies are known for dividends and buybacks, with Comcast and AT&T also increasing payouts and approving buyback programs.
