5/24/2013

A pair of U.S. senators on Thursday urged federal regulators to consider the national security implications from Japanese carrier SoftBank's bid to buy Sprint Nextel. In letters to federal agencies, Sen. Charles Schumer, D-N.Y., pointed to SoftBank's ties with Chinese telecom vendors, while Sen. John McCain, R-Ariz., referred to Sprint's "strategic assets." SoftBank's bid took a step forward Thursday when California regulators gave the deal a green light, completing all necessary state approvals. Rival Sprint bidder DISH Network reportedly received commitments from five banks totaling $9 billion to finance its bid.

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