US moves to boost crackdown on China Telecom's US unit, source says

Reuters12-17

WASHINGTON, Dec 16 (Reuters) - The U.S. Commerce Department is moving to further crackdown on China Telecom's U.S. unit from over concerns it could exploit access to American data through their U.S. cloud and internet businesses by providing it to Beijing, a source told Reuters.

The source confirmed a New York Times report that the department last week sent China Telecom Americas a preliminary determination that its presence in U.S. networks and cloud services poses U.S. national security risks and gave the company 30 days to respond.

(Reporting by David Shepardson; Editing by Sandra Maler)

((David.Shepardson@thomsonreuters.com; 2028988324;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment