Moody's rates T-Mobile notes Ba3

Moody's Investors Service said it assigned a Ba3 rating to T-Mobile USA, Inc.'s proposed offering of $500 million senior unsecured notes due 2018.

The company's other ratings and stable outlook remain unchanged.

Proceeds from the notes offering are expected to be used for general corporate purposes.

Moody's said the Ba3 corporate family rating reflects its expectation for improved execution as a result of enhanced scale, better device lineup (especially the iPhone), accelerated network investment and a new pricing structure for smartphones.

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