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Stock impact report

Justice Department Wants to Cut Off Google’s Plan for an Undersea Internet Cable Between the U.S. and China [Fortune]

TE Connectivity Ltd. New Switzerland Registered Shares (TEL) 
Last te connectivity ltd. new switzerland registered shares earnings: 4/28 06:00 am Check Earnings Report
Company Research Source: Fortune
Pinterest The Justice Department is opposing a bid by Google undersea internet cable The high capacity fiber-optic cable running about 8,000 miles (13,000 kilometers) is intended to connect U.S. internet users to Asia and increase competition on the trans-Pacific data route, according to filings at the Federal Communications Commission, where the companies in 2017 applied for permission to land the cable in the U.S. The project remains pending as tensions simmer between the U.S. and China, with an ongoing trade dispute tariffs The Justice Department and Defense Department in 2017 asked the FCC The Justice Department declined to comment on specifics of the case. The FCC usually follows recommendations that emerge from the inter-agency review process, but isn’t bound to do so. FCC Spokesman Neil Grace declined to comment. The Justice Department has signaled opposition because of concerns over its Chinese investor, Beijing-based Dr. Peng Telecom & Media Group, the Wall Street Journal Dr. Show less Read more
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