Back to News
Mergers & Acquisitions

Shadowy ‘Team Telecom’ to Resemble Cfius

Published: June 22nd, 2020
A presidential order adds structure and deadlines to an amorphous U.S. government panel that reviews international telecom deals.

The amorphous “Team Telecom” informal working group responsible for vetting international spectrum license transfers—including M&A transactions—will soon resemble the Committee on Foreign Investment in the U.S.

An April 4 executive order issued by President Donald Trump adds structure and deadlines to the leaderless, multi-agency U.S. government panel that’s long faced complaints it’s more secretive than Cfius.

In a notable departure from Cfius, led by Treasury, the Department of Justice would helm the telecom panel, with Attorney General Bill Barr serving as chair, after running the panel on an ad hoc basis.

The Deal reported in May 2019 that the White House was mulling an executive order that would add structure and deadlines to Team Telecom.

The timelines cited in the article, a 120-day review window followed by an optional 90-day extension, were adopted this month by the Trump administration.

Editor’s note: The original version of this article, including other details and analysis, was published earlier on The Deal’s premium subscription website. For access, log in to or use the form below to request a free trial.

This Content is Only for The Deal Subscribers

The Deal provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them.

If you’re already a subscriber, log in to view this article here.

More From Mergers & Acquisitions


The Deal Honors Top Women in Dealmaking

By The Deal Staff
Published: January 24th, 2021
The Deal honors exemplary women in the legal profession with a focus on M&A, private equity, restructuring and activist investing in this year's Top Women in Dealmaking list.
Mergers & Acquisitions

Drinks With The Deal: Goodwin Procter's Stuart Cable

By David Marcus
Published: January 7th, 2021
The vice chair and head of M&A discusses building the firm's biotech practice, helping Covid-19 vaccine developer Moderna grow over the years and recent transformational deals in the latest episode of the podcast.
Mergers & Acquisitions

Drinks With The Deal: Bryan Cave's Stephanie Hosler

By David Marcus
Published: December 18th, 2020
Hosler, who heads Bryan Cave Leighton Paisner's corporate and finance transactions group, talks about her experiences as a Latina M&A lawyer and her desire to help create a more diverse workplace on the latest Drinks With The Deal podcast.