Hoping to ease security concerns about its $20.1 billion takeover, Sprint (NYSE:S) said Friday retired Admiral Mike Mullen will join the wireless provider's board and serve as its first security director.The appointment comes after Sprint and Japan's SoftBank relented to pressure from the U.S. by agreeing to key national-security concessions, including giving the government approval of the newly-created security director position."Admiral Mullen is an admired leader with an impeccable record," Sprint CEO Dan Hesse said in a statement. "We are fortunate that a person with his experience, accomplishments and reputation will be a member of our new board."Sprint said the appointment will become official upon the closing of the SoftBank deal, which is being challenged by a competing offer from Dish Network (NASDAQ:DISH) that is valued at $25.5 billion. As security director, Mullen, 66, will be charged with overseeing Sprint's compliance with the national-security agreement with the U.S. and...
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James Rosen reports from Washington, D.C.
Talking Points 5/13