U.S. approval of Sprint-Softbank deal may hinge on China
As a condition for approving Softbank's $20 billion acquisition of Sprint Nextel, the U.S. government is seeking oversight of network equipment purchases to prevent gear from Chinese suppliers Huawei Technologies and ZTE from becoming part of the U.S. infrastructure, according to the Wall Street Journal.
The two companies have already attracted the criticism of the U.S. House Intelligence Committee, which released a report last October that accused Chinese telecommunications gear makers of being threats to U.S. security and that discouraged U.S. companies from buying their equipment. In January, the U.S. Department of Justice … Read more