Sprint signs $2.2 billion deal for sale, leasing of assets
April 7, 2016 3:48 am
Telecommunications holding company Sprint Corp has signed a deal and leaseback of certain assets, providing the wireless carrier with $2.2 billion in funding.
The assets bought by bankruptcy remote companies, or special purpose entities within the company, will be used as collateral to raise the money in borrowings from investors, including Japan’s SoftBank Group Corp, Sprint’s majority owner.
The material has been provided by InstaForex Company – www.instaforex.com
Telecommunications holding company Sprint Corp has signed a deal and leaseback of certain assets, providing the wireless carrier with $2.2 billion in funding.
The assets bought by bankruptcy remote companies, or special purpose entities within the company, will be used as collateral to raise the money in borrowings from investors, including Japan’s SoftBank Group Corp, Sprint’s majority owner.
The material has been provided by InstaForex Company – www.instaforex.com
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