Sprint secures financing for T-Mobile acquisition

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Friday, 17 January 2014

Sprint secures financing for T-Mobile acquisition



Sources have told the Wall Street Journal that Sprint has at least two bank proposals on the best way to finance the acquisition of T-Mobile. Sources also say the deals total enterprise value is about $50 billion, which includes $31 billion for T-Mobile and about $20 billion in existing T-Mobile debt. T-Mobile owner Deutsche Telekom recently transferred 67% of their stake in T-Mobile over to a dutch holding company, which could help to lower the tax penalties if a sale were to occur. The move shows they’re seriously considering moving forward with the deal but will still need to gain approval by the FCC and DOJ before Sprint’s acquisition of T-Mobile could gain final approval. It will be a tough sell for Sprint after AT&T tried to also buy T-Mobile last year and failed to receive approval.

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