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NEW YORK (TheStreet) -- T-Mobile US (TMUS) stock is gaining 1.17% to $38.58 in afternoon trading on Tuesday after the Bellevue, WA-based company announced plans to sell up to $1 billion in senior notes due in 2024.

The mobile communications provider plans to use the proceeds from the public offering to purchase 700 MHz A-block spectrum and other spectrums, the company said in a statement.

Shares of T-Mobile are also benefiting from a bullish Deutsche Bank note. The firm called T-Mobile's revenue growth the best in the telecommunications sector and forecasts a strong 2016 first quarter.

"[W]e expect earnings to showcase what we view as the best blend of rev. and FCF growth in our coverage," Deutsche Bank said in an analysts note this morning.

On Wednesday, T-Mobile is expected to announce new mobile plans that offer cellphone data without voice minutes, according to TmoNews, a blog dedicated to T-Mobile updates.

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The data-only plans are expected to range between $20 and $95 per month for two to 22 gigabytes.

Separately, T-Mobile has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's earnings per share, net income and revenue growth, good cash flow from operations, and expanding profit margins.

You can view the full analysis from the report here: TMUS

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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