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Sprint obtains $1.1 billion for sale and lease-back of certain leased devices to Mobile Leasing Solutions

December 2015

Client(s) Sprint Corporation

Jones Day represented Sprint Corporation ("Sprint"), a communications services company, in connection with its $1.1 billion mobile wireless handset device sale and lease-back transaction with newly formed Mobile Leasing Solutions, LLC, a provider of mobile device financing to carriers. This market-first transaction is expected to establish a repeatable structure that will allow Sprint to sell leased devices and lessen the working capital impacts associated with leasing devices to Sprint's customers.

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