Thursday, June 11, 2015
Dish in talks with banks about funding T-Mobile deal: WSJ
Dish Network Corp is in talks with banks over funding a bid for T-Mobile US Inc, the Wall Street Journal reported on Thursday.Dish is considering borrowing between $10 billion and $15 billion for the cash portion of the bid, the Journal said, citing people familiar with the matter. The bid would primarily consist of stock. Earlier this month, had reported that T-Mobile US Chief Executive John Legere was in talks to merge T-Mobile US and Dish Network, citing a source familiar with the matter. T-Mobile has a market capitalization of about $31 billion. (Reporting By Arathy S Nair in Bengaluru; Editing by Simon Jennings)
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