Banks said to back Sprint's potential T-Mobile bid

Sprint reportedly has received encouraging proposals from at least two banks on financing a bid for T-Mobile US, according to a published report which quoted one source as estimating the "enterprise value" of such a deal at about $50 billion. At T-Mobile, parent firm Deutsche Telekom has transferred its 67% ownership stake in T-Mobile US from a German holding company to a Dutch firm. Also at Deutsche Telekom, the carrier has shelved plans for a public stock offering with British wireless partner Orange and end their strategic review of plans for their EE venture.

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