Financial news

Senator wants U.S. agencies to review sale of AT&T subsidiary to Czech-owned conglomerate

By  | 

Via Reuters Finance

FILE PHOTO: Senator Marco Rubio (R-FL) arrives as the impeachment trial of U.S. President Donald Trump continues in Washington, U.S., January 27, 2020. REUTERS/Joshua Roberts

WASHINGTON (Reuters) – U.S. Republican Senator Marco Rubio on Wednesday asked the Trump administration to review the national security implications of AT&T’s Inc’s planned sale of its majority stake in Central European Media Group Enterprises (CME) to the Czech-owned conglomerate PPF Group.

Rubio wrote the Czech company has a record of acting as “China’s proxies insides the Czech Republic” and added that PPF-owned telecommunications firms are working with Huawei Technologies Co [HWT.UL] to develop 5G networks.

The CME Group operates in the Czech Republic as well as Bulgaria, Romania, Slovakia, and Slovenia, reaching around 97 million people and owns some of most-watched news programming in Central and Eastern Europe, Rubio said.

AT&T did not immediately comment.

Reporting by David Shepardson; Editing by Sandra Maler


Print Friendly, PDF & Email

Hold dit netværk orienteret

READ ALSO  Preferential policies to cut tax load of SMEs