Sprint Deal Needs Scrutiny Over China Ties, Lawmakers Say

  • Draft letter from U.S. House cites security risks from Huawei
  • T-Mobile deal for Sprint to be reviewed by security panel
Bloomberg’s Joe Sobczyk looks at how the Trump administration’s stance against China is affecting the tech industry.(Source: Bloomberg)
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U.S. lawmakers plan to pressure the Trump administration to closely scrutinize T-Mobile US Inc.’s planned purchase of Sprint Corp., arguing the acquisition poses a threat to American security because the owner of Sprint has ties to Chinese telecommunications company Huawei Technologies Co.

A draft letter to Treasury Secretary Steve Mnuchin, who leads a U.S. national security review of the deal, is to be sent next week and is being circulated for signatures among lawmakers in the House by congressional critics of the deal, according to a copy obtained by Bloomberg News.