Sprint, SoftBank in deal with U.S. panel on security: source

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SoftBank Corp and Sprint have reached a deal with U.S. authorities on the national security aspects of their pending deal, a source familiar with the situation said on Tuesday.

The source, speaking on condition of anonymity, said the deal includes the creation of a four-person oversight panel and promises related to the eventual removal of certain Chinese equipment from U.S. networks.

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(Reporting by Alina Selyukh in Washington; Editing by Stacey Joyce)