Daily Market Updates: HKT says US order ‘ceased’ as firm reportedly agrees to exit American market

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HKT says US order ‘ceased’ as firm reportedly agrees to exit American market

Reported · Written up by our desk · North America

A leading Hong Kong telecommunications carrier has confirmed that an order requiring it to justify its operation in the United States has ceased, after the company reportedly agreed to wind down its business under pressure from a US regulatory agency over national security concerns. A spokeswoman for Hong Kong Telecom (HKT) told the South China Morning Post on Saturday that the Order to Show Cause issued by the US Federal Communications Commission (FCC) in October requiring it to justify why the...

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Sources

SCMP EconomyHKT says US order ‘ceased’ as firm reportedly agrees to exit American market

Global Markets

HKT says US order ‘ceased’ as firm reportedly agrees to exit American market

More like this

Sources

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