Softbank in deal to merge Sprint, T-Mobile: report
World BusinessJul 12, 2014
TOKYO (AFP) - Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported Saturday.Eight financial institutions, including Japan's top three megabanks Mizuho, Mitsubishi UFJ and Sumitomo Mitsui, will provide a credit line of around four trillion yen ($39 billion) for SoftBank's purchase of T-Mobile through Sprint, according to the report.The combined customer base of Sprint, ra