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Sprint, SoftBank reportedly reach security deal with U.S.
2013-05-29 02:42:33| CNET News.com
Tentative agreement includes a security committee at the company should the merger go through, as well as veto power over equipment purchases, sources tell The Wall Street Journal. [Read more]
Tags: security
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sprint
Softbank offers US govt director veto at Sprint - report
2013-05-23 10:17:00| Telecompaper Headlines
(Telecompaper) Softbank has agreed to give the US government the right to approve one of the board directors at Sprint, in an attempt to ease security concerns over its proposed takeover of the operator, the Wall Street Journal reports. That director will be responsible for overseeing national security issues. People familiar with the matter said the government is also seeking the right to approve some of Sprint's equipment purchases and wants the removal of Chinese gear from Sprint affiliate Clearwire's network. Softbank is still in negotiations with the government over the concessions. Sprint shareholders are set to vote on the USD 20 billion takeover 12 June. Softbank CEO Masayoshi Son previously told House Intelligence Committee Chairman Mike Rogers that he would not use Chinese equipment on the Sprint networks. This step could cost the company up to USD 1 billion, according to the paper's sources.
Tags: report
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sprint
SoftBank gives U.S. right to OK Sprint board member -- report
2013-05-23 07:12:11| CNET News.com
To placate security concerns over its attempt to acquire Sprint -- and over use of Chinese gear in Sprint's network -- the Japan-based firm would allow for board member who'd oversee compliance with security rules. [Read more]
Tags: report
member
board
sprint
Dish uses national security ads to fight SoftBank deal
2013-05-23 00:27:46| IT Services - Topix.net
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
Tags: national
security
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Dish uses national security ads to fight SoftBank deal
2013-05-23 00:13:46| Telecom - Topix.net
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
Tags: national
security
deal
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