Sprint on Wednesday confirmed that it has received the go-ahead from the U.S. government to
merge with Japanese carrier SoftBank. The Committee on Foreign Investment in the United States (CFIUS) had been investigating the proposed acquisition to ensure that it doesn’t pose a risk to national security. The government was worried about the use of telecom equipment from ZTE and Huawei, however
SoftBank’s CEO confirmed there are
no plans to use Chinese equipment.
Sprint and SoftBank have entered into a National Security Agreement with the U.S. government and now only await the green light from the Federal Communications Commission.
According to The Wall Street Journal, the deal requires the two companies to have a four-member national security committee, which will include a security director on Sprint’s board of directors that has the power to veto equipment purchases. Sprint’s press release follows below.
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