[pretoria] - T-Mobile, Sprint win US security approvals for merger

  |   Pretorianews

INTERNATIONAL – T-Mobile US and Sprint have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid.

The deal got a nod from the Committee on Foreign Investment (CFIUS) in the United States as well as the Justice Department, Department of Homeland Security, and Defense Department -collectively referred to as Team Telecom, the companies said.

The merger between T-Mobile and Sprint had been expected to get an all clear from CFIUS after sources told Reuters on Friday that the firms’ respective foreign owners, Deutsche Telekom AG and Japan’s SoftBank Group Ltd, had offered to stop using Huawei Technologies equipment....

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