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Wireless

Softbank seeks financing for T-Mobile US bid - report

Monday 23 December 2013 | 10:45 CET | News
Softbank CEO Masayoshi Son is exploring a deal for Sprint to buy the majority of T-Mobile US in 2014 and has discussed financing a bid with banks such as Credit Suisse, Mizuho and Goldman Sachs, people familiar with the matter told Bloomberg. Son, who is looking for about USD 20 billion to finance a bid, has also met with Deutsche Bank and JPMorgan Chase, while receiving advice from the Raine Group, the report said. Those six banks are the same ones that helped finance and advise on SoftBank's purchase of Sprint. The plan would be to take control of T-Mobile by paying cash for the 67 percent

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Softbank / Sprint / T-Mobile
Countries: United States
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