Hong Kong telecommunications group HKT has reportedly agreed to wind down its US operations following pressure from the Federal Communications Commission (FCC), according to Reuters.
Separately, an HKT spokeswoman told the South China Morning Post that an FCC order requiring the company to explain why its authority to provide telecommunications services should not be revoked had ceased.
The FCC had raised national security concerns when it began the regulatory process concerning HKT’s US telecommunications authority. The reported agreement to halt operations and the company’s statement about the order are separate developments.
The case highlights the regulatory pressures facing Hong Kong telecommunications businesses operating overseas.
Source: South China Morning Post
