Dish seeks financing to buy T-Mobile

Dish Network Corp. is in talks with banks about funding a bid for T-Mobile U.S. Inc. that would include as much as $15 billion in cash, in the latest sign the takeover effort is progressing.

According to Dow Jones Newswires, Dish is considering borrowing between $10 billion and $15 billion for the cash portion of the bid, though it would primarily be comprised of stock.

T-Mobile has a market value of $31 billion and is the nation's fourth-largest cellphone carrier. Dish, the country's second-largest satellite-television provider, has a market value of $34 billion.

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