Wireless Industry News

Sprint is close to securing $45 billion in debt financing from a group of banks to make a bid for T-Mobile US, according to a report from Dealreporter. However, a separate report from Bloomberg painted a more conservative view of the deal and said that top Sprint executives have not yet decided if they want to pursue a bid.

According to the Dealreporter report, as relayed by CNBC, Sprint will get financing from JPMorgan, Cititgroup and Bank of America-Merrill Lynch, and that the amount could be reduced by $5 billion, depending on how the deal is structured. The report, which cited an unnamed source, said Sprint would like to have a deal in place before its fourth-quarter the earnings release on Feb. 11, though it could also be done after that point.

Meanwhile, Bloomberg reported, also citing unnamed sources, that SoftBank CEO and Sprint Chairman Masayoshi Son and Sprint CEO Dan Hesse plan to decide in the next few weeks whether to move ahead on a deal. Son and Hesse have recently met with U.S. regulators, and have reportedly been told that a deal with No.4 carrier T-Mobile would face heavy skepticism. Read the full article