T-Mobile, Sprint Merger Will Reportedly Be Cleared By US National Security Panel
Saturday December 15, 2018. 01:20 AM , from Slashdot
According to CNBC, T-Mobile and Sprint are expecting their merger to be approved by a U.S. national security panel as early as next week, after their respective parent companies said they would consider dropping Huawei. From the report: U.S. government officials have been pressuring T-Mobile's German majority owner, Deutsche Telekom, to stop using Huawei equipment, the sources said, over concerns that Huawei is effectively controlled by the Chinese state and its network equipment may contain 'back doors' that could enable cyber espionage, something which Huawei denies. That pressure is part of the national security review of T-Mobile's $26 billion deal to buy U.S. rival Sprint, the sources said.
The Committee on Foreign Investment in the United States (CFIUS) has been conducting a national security review of the Sprint deal, which was announced in April. Negotiations between the two companies and the U.S. government have not been finalized and any deal could still fall through, the sources cautioned. Sprint's parent, SoftBank Group, plans to replace 4G network equipment from Huawei with hardware from Nokia and Ericsson, Nikkei reported on Thursday, without citing sources.
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