trending Market Intelligence /marketintelligence/en/news-insights/trending/1a82scnOzJ8cUv0vrCcovw2 content esgSubNav
In This List

Report: T-Mobile, Sprint deal near national security approval

Podcast

Private Markets 360 | Episode 6: Benchmarking private investment performance

Case Study

A European Bank Leverages an AIF Scorecard to Help Meet Basel Regulatory Requirements

Case Study

Powering the markets of the future with data and AI

Blog

Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023


Report: T-Mobile, Sprint deal near national security approval

T-Mobile US Inc. and Sprint Corp. expect their merger to get U.S. security clearance as early as next week, after parent companies of both carriers agreed to consider curbing their use of equipment from China's Huawei Technologies Co. Ltd., Reuters reported.

People familiar with the matter told Reuters that U.S. officials have been pressuring T-Mobile's majority owner, Germany's Deutsche Telekom AG, to stop using Huawei equipment amid rising security concerns about "back doors" that would enable espionage by China.

Sprint's parent, Japan's SoftBank Group Corp., is already planning a shift from Huawei devices. Huawei, however, says the security concerns are unfounded.

The Committee on Foreign Investment in the U.S. has been conducting a national security review of the Sprint/T-Mobile deal. Talks between the two companies and the U.S. government have not been finalized, and any deal could still fall through, the sources reportedly said.