SoftBank and Sprint have agreed in principle to a deal with the US government that could remove the biggest regulatory roadblock in the path of the Japanese company's attempted $20.1 billion takeover, the Wall Street Journal reports. The agreement is designed to assuage fears that the acquisition could compromise national security; the WSJ's sources say that Sprint will have a four-member committee dedicated to the issue, with each member approved by the government and one of whom will sit on the carrier's board.
The government will also be able to veto equipment purchases made by Sprint, says the newspaper, with Sprint agreeing to replace some Chinese-made gear by the end of 2016 in a move that could cost over $1 billion. SoftBank and...
via The Verge - All Posts http://www.theverge.com/2013/5/28/4374332/sprint-and-softbank-strike-national-security-deal-report
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