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Thread: ATT looks to borrow $14 billion for 5G spectrum

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    ATT looks to borrow $14 billion for 5G spectrum

    “The Internet wasn’t meant to be metered in bits and bytes, so it’s insane that wireless companies are still making you buy it this way. The rate plan is dead — it’s a fossil from a time when wireless was metered by every call or text.” John Legere 1/5/2017

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    "You get a higher bill! You get a higher bill! Everyone gets a higher bill!"

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    Quote Originally Posted by jakeuten View Post
    "You get a higher bill! You get a higher bill! Everyone gets a higher bill!"

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    Goodness that’s from 2004?! Doesn’t feel like 17 years ago.


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    Quote Originally Posted by jakeuten View Post
    "You get a higher bill! You get a higher bill! Everyone gets a higher bill!"

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    LMAO!!




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    They probably wouldn't have needed to do this if they didn't go on a spending binge for random buys like WarnerMedia and DirecTV, and yet they knew that 5G was around the corner and the FCC would be auctioning off spectrum.

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    ATT looks to borrow $14 billion for 5G spectrum

    Update:


    AT&T filed an SEC Form 8-K, indicating that it has secured a $14.7 billion term loan credit with Bank of America. AT&T’s new loan is available for a single draw at any time before May 29, 2021 with maturity coming one year after borrowing.

    The SEC document says the proceeds of the loan will be used for general corporate purposes, which may include “financing acquisitions of additional spectrum.”

    The FCC’s C-band auction ended its first phase in mid-January with a record-breaking $80.9 billion in bids for the spectrum. It made available licenses for 280 megahertz of spectrum in the 3.7-3.98 GHz portion of the C-band.

    The analysts at New Street Research have most recently estimated that AT&T would spend $24 billion on C-band, with Verizon estimated at $29 billion and T-Mobile at $13 billion. Meanwhile, analysts at Cowen have estimated AT&T’s C-band spend at $20 billion; Verizon’s at $35 billion; and T-Mobile at $10-15 billion.

    https://www.fiercewireless.com/opera...bly-for-c-band




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    Last edited by @TheRealDanny; 02-02-2021 at 04:43 PM.

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    Results are in At&t averaged 80 MHz nationwide with 40 MHz in the A category which can be deployed starting in Dec 2021. Verizon got around 160 MHz nationwide with 60 MHz of A category spectrum.

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    Looks like the analysts at New Street Research as mentioned by the article that The RealDanny posted at post #6 were pretty close with their estimation of the AT&T spend for the C band. AT&T spent $23.4 billion for this auction. I wonder if AT&T spent their entire line of credit of $14.7 billion from BoA for this auction or only a few billion and saved the rest for other uses.

    https://www.engadget.com/fcc-c-band-...225551917.html

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    I can’t believe how much money VZ and T spent on this auction! Unreal.


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