DISH Network (DISH) Remains Concerned Over National Security Interests in SoftBank/Sprint Deal
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DISH Network Corporation (NASDAQ: DISH) responded to news reports regarding the Committee on Foreign Investment in the United States (CFIUS) review of the proposed SoftBank-Sprint transaction.
“If the news reports are accurate, SoftBank's agreement to an extraordinary board structure and the concerns of CFIUS with respect to the use of Chinese-manufactured equipment on a foreign-controlled Clearwire network (Nasdaq: CLWR), which reportedly could add as much as $1 billion to the cost of the proposed SoftBank-Sprint (NYSE: S) transaction, confirm the serious national security risks of SoftBank acquiring Sprint and its wireless and wireline assets of national strategic importance," said Stanton Dodge, DISH executive vice president and general counsel.
"We remain concerned, however, that these reported steps do not adequately protect our national security interests, especially with respect to Sprint’s critical fiber backbone network and Sprint’s extensive contracts to provide important telecommunications services for government, law enforcement and defense customers,” said Dodge.
“If the news reports are accurate, SoftBank's agreement to an extraordinary board structure and the concerns of CFIUS with respect to the use of Chinese-manufactured equipment on a foreign-controlled Clearwire network (Nasdaq: CLWR), which reportedly could add as much as $1 billion to the cost of the proposed SoftBank-Sprint (NYSE: S) transaction, confirm the serious national security risks of SoftBank acquiring Sprint and its wireless and wireline assets of national strategic importance," said Stanton Dodge, DISH executive vice president and general counsel.
"We remain concerned, however, that these reported steps do not adequately protect our national security interests, especially with respect to Sprint’s critical fiber backbone network and Sprint’s extensive contracts to provide important telecommunications services for government, law enforcement and defense customers,” said Dodge.
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