Sprint prepares for extensive review of T-Mobile deal

Overland Park, Kan.-based Sprint Corp. Chairman Masayoshi Son is asking banks to commit to longer-than-normal financing as he expects an intense regulatory review of Sprint’s proposed takeover of T-Mobile US Inc. (NYSE: TMUS).

Sprint (NYSE: S), whose controlling partner is Son’s SoftBank Corp., is aiming to buy T-Mobile for around $32 billion, according to the Kansas City Star.

Regulators are expected to take at least a year to evaluate the deal, and lenders are said to be asking for higher fees to cover funding for the proposed buyout.

Read more from the Kansas City Star.