Cases & Deals

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

Clients 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.