T-Mobile aims to buy enough low-band spectrum to cover whole US

T-Mobile US says it has more money than it needs as it gets ready for a major spectrum auction scheduled for 2016. The company wants to get enough low-band spectrum to cover the whole US, and will be able to achieve that with billions of dollars to spare, T-Mobile CFO Braxton Carter said. After consulting with the major credit rating agencies, T-Mobile found that it can spend up to $10 billion without harming its ratings. But T-Mobile will probably only need $1 billion or so to achieve its primary goal at the auction, Carter said.