Recent reports that the U.S. government is looking...
Recent reports that the U.S. government is looking at the national security implications of a SoftBank/Sprint/Clearwire transaction may actually be a sign the deal is close to gaining regulatory approval, said Medley Global Advisors analyst Jeff Silva in a Friday…
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research note. “Rather than viewing … reports as a heightened risk factor for US government approval of Softbank/Sprint/Clearwire, we suspect the latest headlines actually reflect a national security review process in its waning stages in which firm conditions are being put on the table by the Obama administration for processing by parties to the transactions,” Silva wrote. “Indeed, we regard Dish’s animated behavior on national security issues related to Softbank/Sprint/Clearwire as confirmation that government action is nearing and as representative of a company desperately trying keep its $25.5 billion counteroffer for Sprint in play."