NEW YORK (TheStreet) -- Shares of Sprint (S) were rising 4.2% to $9.63 on Friday following a report that banks are preparing proposals for the carrier's potential bid for T-Mobile (TMUS - Get Report).
According to The Wall Street Journal, at least six banks are preparing proposals to finance the Sprint bid to acquire rival T-Mobile. The paper's sources said financing offers "could be in place in January." The bid for T-Mobile, if Sprint decides to make one, is expected to come some time in the first half of 2014.
If Sprint does make a bid it could enter a bidding war with Dish (DISH), which is reportedly contemplating its own bid for T-Mobile. Dish tried to acquire Sprint earlier this year, but lost to Japanese carrier Softbank.