New York Stock Exchange backtracks on plan to delist Chinese telcos

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups.

NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November.

The order is designed to prevent transactions in securities “designed to provide investment exposure to such securities, of any Communist Chinese military company” by any person in the...

FCC considers revoking China Telecom’s license to provide US services

The FCC has announced that it’s launched a review into whether to revoke China Telecom’s license to provide services in the United States.

The US telecoms regulator says the proceedings will “determine whether to end China Telecom (Americas) Corporation’s authority to provide domestic interstate and international telecommunications services within the United States under section 214 of the Communications Act.”

According to the FCC, the action seeks to safeguard...

FCC tells China Telecom it will share confidential docs with other agencies

The FCC has notified China Telecom that it will share documents the operator issued in confidentiality.

State-owned China Telecom has been authorised to operate in the US since 2001, but has found itself subject to increased scrutiny in recent months.

The US Justice Department and other federal agencies have recommended that the FCC revokes China Telecom's license due to concerns including "inaccurate public representations by China Telecom concerning its cybersecurity...