Sprint Seeking Financing For T-Mobile Purchase

Sprint Seeking Financing For T-Mobile Purchase
(Undated) -- Sprint is in talks with several major banks trying to get the money to buy rival T-Mobile. A source close to the deal says Sprint is in talks with five banks seeking financing for the estimated 50-billion dollar purchase. Sprint will still have to ease the concerns of U.S. regulators before they can make the deal. Several key federal officials say they are against the purchase and feel the deal would hurt competition in the wireless services industry.