DOJ, FBI, DHS Clear SoftBank's Acquisition of Sprint
Sprint today announced that the U.S. Department of Justice, Federal Bureau of Investigation, and Department of Homeland Security have fully cleared SoftBank's proposed equity acquisition of Sprint. The transaction has also been approved by the Committee on Foreign Investment in the U.S., with the conditions that Sprint allow the government to elect a member of the board (which it did today), allow the government to veto telecommunications equipment purchased, and divest Chinese-made networking gear. The deal has already been greenlighted by the Securities and Exchange Commission. The transaction may now be assessed by the Federal Communications Commission. "As we indicated last week, the national security review of the transaction is completed and there are no unresolved national security issues relating to the transaction," said Vonya B. McCann, senior vice president of Government Affairs at Sprint. "We look forward to the Commission's prompt completion of its public interest review."
T-Mobile, Sprint Parents May Drop Huawei Gear to Facilitate Merger
T-Mobile and Sprint expect their proposed merger will be given the green light by government security officials as soon as next week, according to a report from Reuters. The Committee on Foreign Investment in the United States (CFIUS) has been reviewing the merger for potential security issues.
House Panel Says Stingrays Need Federal Guidelines
Dec 20, 2016
The House Oversight and Government Reform Committee, a bipartisan panel, this week recommended that the federal government pass rules to manage the use stingrays and other cell-site simulating devices. The panel said in a report that law enforcement agencies have varying and inconsistent rules for the use of such devices.
Japan's SoftBank to Buy UK's ARM for $32 Billion
Jul 18, 2016
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
DHS Says It Found Stingrays Used for Spying In Washington
Apr 3, 2018
The Department of Homeland Security today said it has encountered cell site simulators being used in Washington, D.C., in what appears to be an effort to spy on Americans. The agency acknowledged the use of Stingrays, though it didn't say what type of devices they were, who was using them, how many were detected, nor where the devices were being put to use.