Sprint Corp. is taking $1.2 billion in financing from a phone leasing company created by majority owner SoftBank Group Corp. to help lower equipment costs and relieve pressure on the unprofitable carrier’s dwindling cash supply. More from Bloomberg.com: UnitedHealth May Quit Obamacare in Blow to Health Law The financing vehicle will help Sprint get access to cash at a lower cost than if the company tried to sell debt in the high-yield market, Robbiati said in an interview last week. Under...
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