telecom

An anti-China advocacy group that includes former White House adviser Steve Bannon is calling on the Trump administration to exclude Chinese companies from US financial markets, as the White House studies new ways to crack down on China. In a letter dated Thursday, The Committee on the Present Danger: China (CPDC) urged Treasury Secretary Steven …

Secretary of State Mike Pompeo says countries should avoid doing business with Chinese telecom giant Huawei after the Chinese Communist Party’s lack of transparency in the coronavirus outbreak. “This moment, where the Chinese Communist Party failed to be transparent and open and handle data in an appropriate way, will cause many, many countries rethink what …

Nokia declined to comment on Thursday on a media report saying it was working with an investment bank to defend itself from a hostile takeover — the news of which sent its shares flying. “Nokia does not comment on market rumors,” said a Nokia spokesman. Earlier on Thursday shares in Nokia surged 12.5 percent with …

T-Mobile US said Wednesday it officially completed the merger with Sprint, solidifying its position as the No.3 wireless provider in the US. T-Mobile’s longtime chief executive John Legere is stepping down from his position effective immediately as part of the deal. Legere was originally set to leave at the end of April, with Mike Sievert, …

The Feds on Thursday clamped down on trading in shares of an obscure, China-based company called Zoom Technologies, concerned that investors have been confusing it with the teleconferencing giant whose stock has surged amid the coronavirus crisis. The Securities and Exchange Commission said it suspended trading on the Chinese firm until April 9 because of …