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Stock impact report

FCC chief seeks to deny China Mobile from operating in the U.S. [Los Angeles Times (CA)]

CHINA MOBILE (CHL) 
US:NYSE Investor Relations: chinamobileltd.com/en/ir/reports.php
FCC chief seeks to deny China Mobile from operating in the U.S. The top U.S. communications regulator urged the rejection of China Mobile Ltd.’s application to provide telecommunications services in the American market, opening another front in the trade fight between the world’s biggest economies. Federal Communications Commission Chairman Ajit Pai said Wednesday he was scheduling a vote May 9 on a measure to deny the application of China Mobile USA, described as a Delaware-registered subsidiary that is indirectly controlled by the Chinese government, on national security grounds. Parent company China Mobile is the world’s largest mobile phone operator, with about 899 million subscribers. China Mobile is seeking approval to be listed as a “common carrier” that would enable it to carry international voice traffic between the U.S. and foreign countries, and to connect that traffic with the U.S. telecommunications network. China Mobile told the agency it wouldn’t provide domestic teleph Show less Read more
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