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Sprint arranges $1 billion credit to buy Ericsson gear May 29th 2012, 14:29 - Tweet
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A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York July 30, 2009. Credit: Reuters/Brendan McDermid NEW YORK | Tue May 29, 2012 10:29am EDT NEW YORK (Reuters) - Sprint Nextel said on Tuesday that it had arranged a credit facility of $1 billion to buy network equipment from Ericsson for its high-speed wireless project. The No. 3 U.S. mobile provider said it entered the credit agreement, which expires in March 2017, with Deutsche Bank and a syndicate of other banks. (Reporting By Sinead Carew; editing by John Wallace) Related Quotes and News Company Price Related News - Tweet this
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