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Softbank and Sprint say no to Huawei in hopes of getting merger back on track

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In an effort to speed up an already contested $20.1 billion merger, Softbank and Sprint have reportedly agreed not to use Huawei network equipment within the US carrier's existing network. In fact, the Chairman of the House Intelligence Committee, Mike Rogers, recently told The New York Times that the two outfits have pledged to remove Huawei hardware from Clearwire's network, too. These promises are likely a reaction to Congress' security concerns, which saw Huawei exiled from America's first responder network back in October. While Rogers is happy with Softbank and Sprint's new game plan, this deal is far from done. The two firms still need to make it past the Committee on Foreign Investment in the US, which reviews national security risks connected to business transactions. Until then, Dan Hesse may wanna hold off on any extracurricular activities.

Coverage: WSJ
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