The US Federal Communications Commission (FCC) has removed Chinese mobile operator China Telecom from the market.
According to the decision taken by the FCC, China Telecom has been ordered to stop providing interstate and international services in the US within 60 days.
The ruling cited the risk that the Beijing government could use the company to intercept or sabotage US communications systems and “engage in espionage and other harmful activities against the US.”
On the other hand the Beijing government said it would take the necessary steps to protect the companies.
– Chinese telecommunications companies were removed from the stock market
The New York Stock Exchange had previously announced that the shares of China Telecom, China Mobile and China Unicom Hong Kong were removed from the list starting Jan. 11 on the grounds that they were affiliated with the Chinese military.
Former United States President Donald Trump, in a decree signed on January 6, called for a ban on transactions with eight China-based mobile payment applications, including Alipay and WeChat Pay, which belong to the Ant Group.
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