DOJ Asks FCC To Halt Review Of $20B SoftBank-Sprint Deal

Law360, New York (January 29, 2013, 3:01 PM EST) -- The U.S. Department of Justice on Monday asked the Federal Communications Commission to defer its review of the SoftBank Corp.-Sprint Nextel Corp. merger, citing national security concerns with the $20 billion deal.

The DOJ, the FBI and the Department of Homeland Security are reviewing the deal, which would send 70 percent of Sprint to Japanese telecom giant SoftBank, for national security concerns, according to a letter the DOJ sent to the FCC.

The agencies are “currently reviewing this matter for any national security, law enforcement and...
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