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 Chairman Ajit Pai is stepping down after eight years

FCC Chairman Ajit Pai is stepping down from his role after eight years at the US telecoms regulator.

Pai was appointed to the FCC as commissioner in 2012 by President Obama and was promoted to chairman in 2017 by President Trump. Pai has now served notice that he will be stepping down when President-elect Joe Biden is inaugurated on January 20th.

“It has been the honour of a lifetime to serve at the Federal Communications Commission, including as Chairman of the FCC...