The U.S. Justice Department withdrew its request for more time regarding the Acquisition of Sprint by Softbank. The DOJ originally made this request in January along with the FBI and Homeland Security when the agencies looked in to potential national security concerns.
In a written letter to the Federal Communications Commission, the DOJ stated:
The Agencies have reviewed the information provided by the Applicants and analyzed the measures undertaken by the Applicants to address potential national security, law enforcement, and public safety issues, including supply chain issues. Based on this review, the Agencies hereby notify the Commission that they have no objection to the grant of the applications.
Within the past six months, Sprint and Softbank committed to not using Huawei devices on its network to allay any security concerns.
The next hurdle in this possible acquisition may not be regulatory but rather a competing bid from Dish Network. While Softbank’s offer is $5 billion less than Dish Network’s $25 billion, Softbank promises commitments to network infrastructure.