Bloomberg: Sprint – T-Mobile merger approval could take up to a year

As final details around the merging of US carrier Sprint with US un-carrier T-Mobile are being ironed out, Bloomberg reports that Japanese carrier SoftBank (Sprint owner) CEO, Masayoshi Son, is asking banks to commit financing for "a longer-than-usual amount of time", as those involved in the $32b deal expect "a lengthy approval process". According to people in the know, said process could stretch out to a full year after the merger's official announcement. Reportedly, the banks have given Softbank and Deutsche Telekom (T-Mobile owner) 18 months to secure the deal, otherwise they won't provide ...



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