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Dish in financing talks for T-Mobile US bid - report
2015-06-12 13:15:00| Telecompaper Headlines
(Telecompaper) Dish is in talks with banks about funding a bid for T-Mobile US, the Wall Street Journal reported. Dish is considering borrowing USD 10-15 billion for the cash portion of a bid that would primarily be comprised of its stock, according to people familiar with the matter. The two sides are discussing a deal that would leave Deutsche Telekom , which controls T-Mobile, with a big minority stake in a combined company, the sources said. A deal agreement between Dish and T-Mobile is not imminent, and it is possible there still won't be one, the sources added. It is unclear how much Dish is considering paying for T-Mobile, which has a market value of USD 31 billion and is the fourth-largest mobile carrier in the US. Dish, the country's second-largest satellite-television provider, has a market value of USD 34 billion.
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Category:Telecommunications