Jan 13, 2021 1:04pm T-Mobile earlier this week announced it was raising $2 billion to help buy more spectrum. (Getty Images) As the clock phase of the C-band auction spectrum winds down with proceeds that have crushed initial expectations, AT&T is looking to borrow $14 billion to help acquire spectrum and is in early talks with banks, Bloomberg reported Tuesday. Bank of America is leading the transaction for what Bloomberg, citing sources with knowledge of the matter, says is a 364-day delayed-draw term loan, with commitments due on January 2. The report noted that the structure would allow for AT&T to wait until the cash is needed and likely refinance in the bond market within a year.