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Softbank buy of Sprint hits US security concerns

Published: January 29, 2013
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Source: France 24

SoftBank Counter Narita

The US Department of Justice is urging regulators to delay endorsing Softbank's $20 billion takeover of Sprint Nextel until the national security ramifications are evaluated.

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In a letter sent Monday to the Federal Communications Commission, the DOJ asked regulators there to delay taking action on the deal until "national security, law enforcement, and public safety issues" have been assessed.

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