Back to News
Mergers & Acquisitions

Shadowy ‘Team Telecom’ to Resemble Cfius

Published: April 17th, 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

Mergers & Acquisitions

Covid Webcast: Cash Is King, Control a Bonus

By Tom Terrarosa
Published: May 14th, 2020
In a discussion hosted by The Deal in partnership with Edelman, dealmakers weighed in on the new landscape of their industries amid the Covid-19 pandemic, who is best positioned to do deals and how.
Mergers & Acquisitions

Big Funds Bet on DraftKings PIPE

By Paul Springer
Published: May 8th, 2020
Caledonia and Capital Research are among the investors betting on a $304 million PIPE that helps take one of the world’s premier online gambling concerns public via a SPAC acquisition.