Most people seemed to think this deal was dead, but apparently not. Some highlights from the report:
Full article here.Sprint Corp is meeting with banks to work out funding for its bid for smaller rival T-Mobile US Inc, a source familiar with the situation said, as the mobile carrier works to ease regulatory concerns that the deal would hurt competition.
The source said that Sprint, which is owned by Japan's SoftBank Corp, is hoping to fund the bulk of T-Mobile's estimated $50 billion price tag with corporate bonds and cover the rest with syndicated loans and convertible bonds. Softbank is expected to make a formal offer in June or July, Bloomberg added.
Sprint is facing a battle ahead with U.S. regulators who oppose consolidation in the wireless market on the basis it would inhibit competition. The company is aware it may have to give up some of its spectrum holdings to win over critics, the source said. Two of the most vocal opponents to the deal are Federal Communications Commission Chairman Tom Wheeler and U.S. antitrust chief William Baer.