Softbank (9984.T) will appoint a "security officer" commercial Sprint Nextel (SN) board, if the bid is successful, would give the U.S. government the right to approve the nominees, trying to solve the security issues raised by the proposed transaction.
Sprint said that on May 1 with the U.S. Securities and Exchange Commission filing, the Tokyo-based Softbank will oversee the appointment of a new director of public safety issues with Sprint's wireless and wireline businesses.
Big push into the U.S. national security, is the world's second largest routers and other telecom equipment maker Huawei Technologies Co., Ltd. (HWT.UL), ZTE, the fifth largest, Chinese telecom equipment suppliers, such concerns have been blocked .
Dish Network Corporation (DISH.O), Softbank for Sprint's competitors, the Japanese company running campaign to try to convince lawmakers and government review, it brings national security risks.
Softbank says it is committed to using only network equipment, the U.S. government is acceptable, and will not use Sprint's network equipment from Huawei Technologies. Food has not made such a commitment.
Safety Officer nominations recommended news was first reported by The Wall Street Journal said that this step could cost the company up to 100 billion yuan. (Http://link.reuters.com/tat38t)
The newspaper also said that it is not unusual for officials to impose such a broad impact, how to run the company on the grounds that people who follow this kind of transaction.
Sprint declined to comment. Softbank could not immediately be reached for comment.
Other News:
SoftBank would appoint ＂security director＂ to Sprint board
Arizona jury foreman says believed Jodi Arias was abused
Commonly used method of rolling bearing lubrication
The reason of seal leaking of SKF bearing and maintenance methods
Iran’s Supreme Leader Tightens Grip After Disqualifying Two Top Presidential Can
Something about repair of rolling bearings
Asia stocks down as China factory output slips
Broke no laws, IRS official says _ then takes 5th
