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: Telecom companies
A New Botnet Is Covertly Targeting Millions of Servers
An anonymous reader quotes a report from Wired: FritzFrog has been used to try and infiltrate government agencies, banks, telecom companies, and universities across the US and Europe. Researchers have found what they believe is a previously undiscovered botnet that uses unusually advanced measures to covertly target millions of servers around the world. The botnet uses proprietary software written from scratch…
Cities Lose Lawsuit Against FCC’s 5G Rules
A federal appeals court upheld the Federal Communications Commission’s rules that limit municipalities’ ability to negotiate with telecom companies such as AT&T and Verizon that are seeking to deploy thousands of 5G antennas on city streets and neighborhoods. From a report: The ruling by the Ninth Circuit Court of Appeals is a blow to dozens of cities that sued the agency,…
FCC Declares Huawei, ZTE ‘National Security Threats’
The Federal Communication Commission has declared Chinese telecom giants Huawei and ZTE “national security threats,” a move that will formally ban U.S. telecom companies from using federal funds to buy and install Huawei and ZTE equipment. From a report: FCC chairman Ajit Pai said that the “weight of evidence” supported the decision to ban the technology giants. Federal agencies and lawmakers…
Trump Signs Law Banning Use of Federal Funds To Purchase Huawei Equipment
President Trump on Thursday signed into law a bill banning the use of federal funds to purchase equipment from telecom companies deemed a national security threat, such as Chinese telecom group Huawei. From a report: The Secure and Trusted Communications Act, which the Senate passed in February and the House approved last year, will also require the Federal Communications Commission (FCC)…