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US FCC Intends to Revoke Operating License of HKT's US Subsidiary
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The US Federal Communications Commission (FCC) announced that it plans to revoke the US operating license of HKT International, a subsidiary of PCCW (00008.HK), on the grounds of national security concerns. The FCC has asked HKT-SS (06823.HK) and its subsidiaries to explain why, given their ties with China Unicom Americas, the revocation process shouldn't be initiated. If the FCC has finalized its decision to revoke HKT International's operating license, HKT International will be barred from providing international and domestic telecommunications services within the US. In 2022, the FCC revoked the operating license of CHINA UNICOM (00762.HK) and has since taken similar actions against other Chinese telecom operators in the US. AAStocks Financial News |
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