Sprint gets bank advice on buying T-Mobile: WSJ
telecom | 01/17/2014 5:03 pm EST
Sprint Corp. has received advice from at least two different banks on how to finance a buyout of T-Mobile US Inc., the Wall Street Journal reported Thursday, quoting two anonymous sources.
While one source said that the terms of any bid have not been finalized, both sources said the anticipated acquisition attempt would value T-Mobile at about $50 billion US, which would include absorbing about $20 billion US in debt.
Sprint is majority owned by SoftBank Corp. of Japan, while T-Mobile’s majority shareholder is Deutsche Telekom AG of Germany. The article quoted a source as saying both
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