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News Summary: Panel clears proposed Sprint sale

The Associated Press

COMMITTEE APPROVAL: A Treasury Department committee hasn't found any unresolved national security issues related to Softbank's proposed $20.1 billion deal for No. 3 cellphone carrier Sprint.

HACKING WORRIES: Some officials have been concerned that Softbank's use of Chinese networking equipment could open up U.S. networks to snooping and hacking if the deal were to go through.

WHAT NOW?: Sprint and Softbank have entered into a national security agreement with the U.S. government and other regulators are free to complete their reviews.