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BRIEF-Sprint Corp announces private placement offering of wireless spectrum-backed notes

Oct 12 Sprint Corp :

* Sprint Corporation announces private placement offering of wireless spectrum-backed notes

* Sprint Corp - commenced an offer of up to $3.5 billion of wireless spectrum-backed notes

* Sprint - issuers' directly owned subsidiaries will acquire a portfolio of FCC licenses and a small number of third-party leased license agreements

* Sprint - spectrum portfolio will be leased back to Sprint communications pursuant to a long-term lease agreement Source text for Eikon: Further company coverage:

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