US moves to boost crackdown on China Telecom's US unit, source says By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
0mins
Source: Investing.com
U.S. Commerce Department Action: The U.S. Commerce Department is taking steps to restrict China Telecom's U.S. operations due to concerns over potential data exploitation by Beijing through its cloud and internet services.
Response Deadline: China Telecom has been given 30 days to respond to a preliminary determination that its activities pose national security risks to the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
