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NEW YORK (TheStreet) -- Shares of Sprint (S) - Get SentinelOne, Inc. Class A Report 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 T-Mobile US, Inc. 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) - Get DISH Network Corporation Class A Report, which is reportedly contemplating its own bid for T-Mobile. Dish tried to acquire Sprint earlier this year, but lost to Japanese carrier Softbank.

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