Sprint is close to taking another huge step toward buying T-Mobile

%name Sprint is close to taking another huge step toward buying T Mobile by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley

It looks like Sprint is really gearing up to buy T-Mobile, whether regulators want to see it happen or not. Reuters‘ sources say that Sprint is very close to raising a $40 billion debt package from eight different banks that it will use to buy up T-Mobile, including “a bridge loan of roughly $20 billion from Japan’s Softbank Corp to Sprint.” Reuters expects that the package will be finalized within the next month, which will take Sprint another big step close to buying up the so-called “Uncarrier.”

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Posted in Mobile.