T-Mobile rules out bid for H-Block spectrum

NEW YORK Tue Nov 12, 2013 11:32am EST

NEW YORK Nov 12 (Reuters) - T-Mobile US Inc said on Tuesday it would not participate in a spectrum auction the U.S. government plans to hold in January but still left investors in suspense over how it will use the proceeds from a roughly $2 billion stock offering.

T-Mobile had said it could buy wireless airwaves using the money from a sale of more than 72 million shares, announced on Monday.

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