DOJ asks FCC to defer Softbank-Sprint deal, cites 'national security'
The U.S. Department of Justice has asked the Federal Communications Commission to defer a proposed deal in which Japan-based Softbank would acquire a 70 percent stake in Sprint.
In a letter sent to the FCC and dated yesterday, attorney advisor Jennifer Rockoff, with the Justice Department's National Security Division, asked that the deal be put on ice for now.
The DOJ, the Department of Homeland Security, and the FBI "are currently reviewing this matter for any national security, law enforcement, and public safety issues but have not yet completed that effort," she wrote. &… Read more