T-Mobile and Sprint believe U.S. regulators could approve their proposed $26 billion merger as early as this week. That’s after their majority owners, SoftBank Group and Deutsche Telekom, respectively, agreed to stop using Huawei equipment, sources tell Reuters.
T-Mobile and Sprint do not use Huawei equipment in U.S. networks, however their owners do elsewhere.
The companies believed they needed to comply before a U.S. government national security panel would let the deal go forward, according to sources familiar with the deal.
The sources cautioned nothing has been finalized and any deal could still fall through. Sprint, T-Mobile, Deutsche Telekom and SoftBank declined to comment. Huawei did not respond to a Reuters request for comment. The U.S. has stepped up pressure on Huawei over concerns the company can use its technology to spy for the Chinese government, Inside Towers reported. Comments? Email Us
December 18, 2018