UPDATE 1-Sprint plans to raise $3.5 bln via sale, lease-back of airwaves

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UPDATE 1-Sprint plans to raise $3.5 bln via sale, lease-back of airwaves
October 13, 2016 Oct 12- Sprint Corp, the No. 4 U.S. wireless carrier, said on Wednesday it planned to raise an initial $3.5 billion by mortgaging about 14 percent of its wireless airwaves. The company, majority owned by Japan's SoftBank Group, estimates the airwaves are worth about $16.4 billion. The spectrum portfolio, which includes FCC licenses and a small number of third-party... Source: http://www.cnbc.com/2016/10/12/reuters-america-update-1-sprint-plans-to-raise-35-bln-via-sale-lease-back-of-airwaves.html