T-Mobile Takeover of Sprint Clears US National Security Panel

Apparently, T-Mobile won approval from US national-security officials for its planned takeover of Sprint, bringing the two rivals a step closer to closing their roughly $26 billion combination. The Committee on Foreign Investment in the US, or Cfius, told the companies that it had cleared the union of the No 3 and No 4 carriers by subscribers after several months of negotiations with company representatives. The interagency committee, which is led by the Treasury Department, reviews foreign deals for potential national security issues and can recommend the president block transactions if such concerns aren’t resolved.