Sprint moves ahead with T-Mobile bid plan: sources

The source said that Sprint, which is owned by Japan's SoftBank Corp (TYO:9984), is hoping to fund the bulk of T-Mobile's estimated $50 billion price tag with corporate bonds and cover the rest with syndicated loans and convertible bonds. Sprint is currently talking to at least five banks, the source told Reuters, including JP Morgan, Goldman Sachs and Deutsche Bank. Bloomberg, which first reported that Sprint was in talks with banks on Thursday morning in Asia, said the carrier was also talking to Mizuho Financial Group Ltd (8411.T) and Citibank. Sprint spokeswoman Roni Singleton told Reuters the company does not comment on rumors and speculation.

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