UPDATE 2-FCC may halt U.S. operations of three state-controlled Chinese telecom firms [Reuters]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
Company Research
Source: Reuters
FCC may halt U.S. operations of three state-controlled Chinese telecom firms WASHINGTON (Reuters) - The Federal Communications Commission (FCC) on Friday said it may shut down the U.S. operations of three state-controlled Chinese telecommunications companies, citing national security risks. The FCC issued so-called show cause orders to China Telecom Americas, China Unicom Americas, Pacific Networks Corp and its wholly owned subsidiary ComNet (USA) LLC, directing them to explain why it should not start the process of revoking authorizations enabling their U.S. operations. The FCC’s action represents the latest sign of President Donald Trump’s administration taking a hard line toward China. “We simply cannot take a risk and hope for the best when it comes to the security of our networks,” FCC Chairman Ajit Pai said in a statement. The FCC granted its approvals to the firms more than a decade ago. Since then, it said, “the national security and law enforcement risks linked to the Chinese
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