Cable Fears

Discussion in 'Wall St. News' started by dealmaker, Aug 30, 2019.

  1. dealmaker

    dealmaker

    Cable Fears


    A largely completed, Google- and Facebook-backed undersea cable between L.A. and Hong Kong is reportedly under threat from U.S. officials, who want to block the venture on national security grounds. Officials are apparently suspicious of the Chinese partner that's involved in the Pacific Light project, Dr. Peng Telecom & Media Group Co., which they suspect has ties to the Chinese government. Wall Street Journal
     
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