The Broadband Guide
SG
search advanced
 Username:
 Password:
Register
 forgot password?

T-Mobile/Sprint Merger Clears U.S. National Security Panel

2018-12-17 18:46 by
Tags: ,

 

The Committee on Foreign Investment in the United States (CFIUS) has approved the proposed T-Mobile-Sprint merger, according to sources speaking to the Wall Street Journal.

Cfius, which is led by the U.S. Treasury, became involved partly because of the sensitive nature of the telecommunications industry and also because Sprint and T-Mobile are controlled by non-U.S. based companies.

Deutsche Telekom and Softbank, parent companies of T-Mobile US and Sprint respectively, have confirmed they will not be working with Huawei moving forward. Neither US telco currently has any Huawei kit in its network, though it is hoped this statement from the international telcos will have the bureaucrats hand edging closer to the green button for the $26 billion merger.

T-Mobile and Sprint have pitched the merger to the public and to regulators as a job creator, and touted how it would lower prices for consumers and allow the new company to build a 5G wireless network unrivaled worldwide.

The companies continue to hope to close their transaction in the first half of next year; the FCC and Department of Justice, along with a number of state officials, continue to review the deal.

Read more -here-

 

  Post your review/comments
    rate:
   avg:
News Glossary of Terms FAQs Polls Cool Links SpeedGuide Teams SG Premium Services SG Gear Store
Registry Tweaks Broadband Tools Downloads/Patches Broadband Hardware SG Ports Database Security Default Passwords User Stories
Broadband Routers Wireless Firewalls / VPNs Software Hardware User Reviews
Broadband Security Editorials General User Articles Quick Reference
Broadband Forums General Discussions
Advertising Awards Link to us Server Statistics Helping SG About