The New York Stock Exchange has abruptly reversed plans to delist three major Chinese telecommunications companies after consulting regulators about an investment ban ordered by President Donald Trump. From a report: Coming days before the companies were to be delisted — and just over two weeks before Trump is to leave the White House — the U-turn avoids a step that…
Tag: China Telecom
NYSE To Delist Chinese Telco Giants on US Executive Order
The New York Stock Exchange said it will delist three Chinese companies to comply with a U.S. executive order that imposed restrictions on companies that were identified as affiliated with the Chinese military. From a report: China Mobile, China Telecom, China Unicom Hong Kong will be delisted between Jan. 7 and Jan. 11, according to a statement by the exchange.
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China Telecom Should Be Barred in US as Threat, Agencies Say
A group of U.S. security agencies is urging the Federal Communications Commission to revoke China Telecom’s permission to operate in the United States. From a report: “This recommendation reflects the substantial and unacceptable national security and law enforcement risks” associated with China Telecom’s access to the U.S. telecommunications network, the agencies said in a filing at the FCC. The U.S. and…
Global Telcos Join Alphabet, SoftBank’s Flying Cellphone Antenna Lobbying Effort
Alphabet and SoftBank’s attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory approval for the emerging technology. From a report: Loon, which was spun out of Google parent Alphabet’s business incubator, and HAPSMobile, a unit of SoftBank Group’s domestic telco, plan to deliver high speed internet to…
China Shows Its Dominance in Surveillance Technology
Chinese companies have made every submission to UN on standards in past three years, Financial Times reports [the link may be paywalled]. From the report: Chinese companies have made every submission to the UN for international standards on surveillance technology in the past three years, according to documents reviewed by the Financial Times that show their rising dominance in the field….