The Federal Communications Commission (FCC) on Jan. 27 voted to block state-owned China Unicom from the U.S. market, adding to a growing list of Chinese telecommunication carriers ejected from operating on American soil over national security concerns. The body’s 4-0 vote on Thursday means that all three of China’s leading wireless carriers are now barred,…
FCC Orders Shutdown of US Arm of China Unicom, Primary Telecom Provider for Beijing Olympics
January 27, 2022
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China Telecom Plans to Continue Operations in the US Despite FCC Ban
January 5, 2022
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China Telecom said it plans to continue providing some services in the United States even after a U.S. regulator revoked its operating license in October last year, citing national security concerns. Experts have called on U.S. President Joe Biden to enact emergency powers to shut down the company’s operations. The Federal Communications Commission (FCC) in…
Investors Abandoning China Mobile Stocks Sets Record, China Telecom Fails Expectation
China Mobile returned to China’s A-share stock market after facing delisting from the U.S. exchanges. The company disclosed its A-share IPO results on Dec. 28. Investors relinquished as much as 756 million yuan (approx. $121 million) worth of shares, setting a new record for the abandonment of A shares. China Telecom, which was also delisted…
China Telecom Pushes Back Against US Order to Shut Down
News Analysis China Telecom’s conflict with American regulators illustrates the need for tougher laws against companies linked to China’s military and intelligence industries. China Telecom argued in court on Nov. 15 against a U.S. government order to shut down its operations in the United States. The October order cited national security concerns, saying China Telecom…
FCC Votes to Terminate China Telecom’s Operations in US Over National Security Concerns
October 26, 2021
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The Federal Communications Commission (FCC) on Oct. 26 voted unanimously to bar a leading Chinese state-owned telecommunication firm’s U.S. arm from operating in the country. China Telecom Americas, a subsidiary of China Telecom, now has 60 days to discontinue services after having operated in the United States for two decades. The FCC voted 4-0 to…
FCC Votes to Terminate China Telecom’s Operations in US Amid National Security Concerns
October 26, 2021
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Asia & PacificBusiness & EconomyChinaChina TelecomCompaniesFCCFederal Communications CommissionNational SecurityTechTech NewsUSUS NewsUS-China relationsWorld
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The Federal Communications Commission (FCC) on Oct. 26 voted unanimously to bar a leading Chinese state-owned telecommunication firm’s U.S. arm from operating in the country. China Telecom Americas, a subsidiary of China Telecom, now has 60 days to discontinue services after having operated in the United States for two decades. The FCC voted 4-0 to…
NTD Business Full Broadcast (Jan.5)
American factories grew in December at the fastest pace in more than two years. And manufacturing continued to weather the pandemic better than the battered services sector. We look at the shopping trends of 2020 — and one trend, online shopping, that’s sure to stay in 2021. We hear from an expert on the record…
Chinese Stocks Hit After US Delisting Notice
January 4, 2021
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WASHINGTON—Chinese stocks trading on U.S. exchanges dipped on Jan. 4 after the New York Stock Exchange announced that it would delist shares of China’s three large telecom companies in light of President Donald Trump’s new executive order regarding companies with ties to China’s military. On the first trading day of 2021, a sharp fall in…
NYSE Begins to Delist Chinese Telecom Giants in Compliance With Trump’s Order
January 1, 2021
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The New York Stock Exchange (NYSE) announced on Dec. 31 that it is in the process of delisting three Chinese telecom companies with ties to the Chinese military. The three state-owned companies—China Mobile Ltd., China Telecom Corporation Ltd., and China Unicom (Hong Kong) Ltd.—will see their securities suspended from trading between Jan. 7 and Jan….
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