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SoftBank said to be in talks with US to allay national security fears |
May 23, 2013
The U.S. government is in negotiations with SoftBank for greater control over equipment purchases by Sprint Nextel and the selection of one of the Japanese company's nominee to the U.S. carrier's board, according to a news report.Dish Network, SoftBank's rival bidder for Sprint, has meanwhile launched an advertising campaign and a website to argue that "the sale of wireless and wireline infrastructure with national strategic importance to a foreign company will weaken the security of the United States."SoftBank has agreed to give the U.S. government the right to approve one of the directors it names to Sprint's board, who will be responsible for overseeing national security issues, The Wall Street Journal reported Wednesday, citing people familiar with the matter.The government also wants the right to approve some of Sprint's equipment purchases and wants the removal of Chinese equipment from the network of Clearwire, a Sprint affiliate that it intends to acquire, the newspaper said.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2039590/softbank-said-to-be-in-talks-with-us-to-allay-national-security-fears.html#tk.rss_all
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