Washington moves to boost crackdown on China Telecom's US unit, source says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Source: Reuters
U.S. National Security Concerns: The U.S. Commerce Department is taking steps to limit China Telecom's operations in the U.S. due to fears that it could access American data and pose national security risks, following a preliminary determination sent to the company.
Previous Regulatory Actions: The Federal Communications Commission (FCC) has previously revoked authorizations for China Telecom and other Chinese telecom companies to operate in the U.S., citing similar national security concerns, while investigations into their cloud and internet services continue.
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.
