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

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG1P29G_L.jpg

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 (NASDAQ:) 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.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment