SoftBank has reached a national security agreement with U.S. authorities, perhaps clearing the way for the Japanese company to purchase Sprint Nextel. U.S. officials have expressed concerns about potential ties between SoftBank and Chinese telecommunications firms like Huawei. Chinese telecoms drew the ire of Congress in late 2012, and there recently has been rhetoric suggesting that SoftBank’s use of Huawei equipment might pose a national security threat. SoftBank and Sprint have already agreed to several conditions.
Loading ...
SoftBank, US Forge National Security Deal
Posted by: David Vranicar May 30, 2013 09:44 AMSoftBank has reached a national security agreement with U.S. authorities, perhaps clearing the way for the Japanese company to purchase Sprint Nextel. U.S. officials have expressed concerns about potential ties between SoftBank and Chinese telecommunications firms like Huawei. Chinese telecoms drew the ire of Congress in late 2012, and there recently has been rhetoric suggesting that SoftBank’s use of Huawei equipment might pose a national security threat. SoftBank and Sprint have already agreed to several conditions.