Sprint Pays Off Some Debt
Filed under News by Kenneth Pennington on November 29, 2011 at 4:52 PM
Sprint just announced tonight that it’s paid off $2.25 billion in debts owed to Export Development Canada Facility and Sprint Capital Corporation. The Export Development Canada debt was prepaid on November 23rd, while the other securities are scheduled for payment on December 29th.
This move should encourage investors who are shaky about Sprint’s debt problem and worried about the future of the network. Sprint plans to build out its 4G LTE network throughout the next year and beyond with LightSquared at the helm of the project.