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Heavy! FCC revokes China Telecom subsidiary’s operating license in the United States | Anue Juheng-US Stocks

News Snapshot:

On Tuesday (26th), the US Federal Communications Commission (FCC) revoked and terminated the operating permit of a subsidiary of China Telecom in the United States on the grounds of National Security. The FCC warned in April 2020 that it might end China Telecom Americas, China Unicom Americas, Pacific Networks Corp and their wholly-owned companies on the grounds of national security risks. Subsidiary ComNet (USA) operates business in the United States. The U.S. Federal Communications Commission (FCC) on Tuesday overwhelmingly approved the “revocation of China Telecom Americas’ license to operate in the United States held by China Telecom Americas since 2002”…

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