A U.S. Senate report released Tuesday says the U.S. government failed to properly oversee Chinese-owned telecommunications companies for nearly two decades.
FILE PHOTO: The company logo of China Telecom is displayed at a news conference in Hong Kong, China August 20, 2018. REUTERS/Bobby Yip
It faulted the Federal Communications Commission and “Team Telecom” - an informal group comprised of officials from the Justice, Homeland Security, and Defense Departments - in their oversight of China Telecom Corp 728.HK, China Unicom , and Pacific Networks Corp, which all received FCC approval for U.S. operations about two decades ago.
The report urged the FCC to quickly decide whether to revoke the three Chinese carriers’ authorizations. The panel’s top Democrat, Tom Carper, said the report shows “how we’ve allowed Chinese government-owned companies gain a foothold in our telecommunications industry while their American competitors face significant barriers to entry in China.”
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