December 17, 2018 / 9:41 PM / 6 months ago

T-Mobile, Sprint expect letter soon granting formal U.S. security approval -source

WASHINGTON, Dec 17 (Reuters) - T-Mobile US Inc and Sprint Corp are expecting a letter as soon as Monday informing them that they have won approval for their $26 billion deal from a U.S. national security panel, a source said.

The approval from the Committee on Foreign Investment in the United States (CFIUS), an inter-agency panel headed by the Treasury Department, was expected after their majority owners, Germany's Deutsche Telekom AG and Japan's SoftBank Group Ltd, respectively, distanced themselves from Chinese network equipment maker Huawei.

The wireless carriers, the third and fourth largest in the United States, must also win approval for their merger from the Justice Department and the Federal Communications Commission. (Reporting by David Shepardson and Diane Bartz; editing by Jonathan Oatis)

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