Sprint Capital Corp.

, a unit of long-distance provider



, is planning a $2 billion global senior unsecured debt offering that will be unconditionally guaranteed by the parent company.

Salomon Smith Barney

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UBS Warburg

will jointly lead manage the offering, which the telecom company will use to refinance short-term debt.

The securities will be issued from an existing debt shelf registration statement already filed with the

Securities and Exchange Commission