Softbank Sprint Deal Not a National Security Threat
Routine Review Completed, Deal Moves Forward
Back in January the Department of Justice urged the FCC to delay their approval of Softbank's acquisition of Sprint so that the government could conduct a routine review to determine whether the foreign acquisition deal would be a threat to national security
. Sprint today announced
that the Committee on Foreign Investment in the United States (CFIUS) has completed their review of the deal, and found "no unresolved national security issues relating to the transaction." Sprint states that the still believe that the transaction will see regulator approval and completion by the middle of this year, despite Dish efforts to acquire Sprint themselves.