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Sprint Said to Plan for Lengthy U.S. Review of T-Mobile Deal

As Masayoshi Son pushes for a takeover of T-Mobile US Inc., the Japanese billionaire is asking banks to commit financing for a longer-than-usual amount of time, underscoring the intense regulatory review he faces.

Lenders to Sprint Corp. are asking for higher fees in exchange for financing the purchase of T-Mobile, because they expect the deal to face a lengthy approval process, people with knowledge of the matter said. Sprint, whose controlling shareholder is Son’s SoftBank Corp., is planning to acquire its rival for about $32 billion, people have said.