US Communications Regulator moves to suspend China’s Telecom License in country
US Federal Communications Commission (FCC), the Communications Regulator of United States of America has voted to revoke license of China Telecom citing national security concerns. The latest pushback by Washington is against possible infiltration by Chinese companies. Under FCC’s decision China Telecom Americas would have to discontinue its services within USA within 60 days now. The largest telecommunication company in China had enjoyed license to provide telecommunications services in US for almost 20 days. #ChinaTelecom must stop providing services in #America within 60 days #Washington has revoked the US licence of one of China's biggest telecoms companies citing "national security" concerns. https://t.co/8PePVMKzie — Samir Saran (@samirsaran) October 26, 2021 The news has widely impacted Chinese tech firms that have been listed in US to provide services. These firms’ stocks hit a huge stump as soon as the announcement was publicized. The stocks ...