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ASIA:
The US Federal Communications Commission (FCC) said on Thursday it began revoking China Telecom’s authorization to operate in the United States as it took further steps to crack down on China’s role in US telecommunications. FCC Chairman Ajit Pai noted several US government agencies had recommended the revocation citing national security concerns. In April, the FCC had warned it might shut down the US operations of three state-controlled Chinese telecommunications companies, citing national security risks, including China Telecom Americas as well as China Unicom Americas, Pacific Networks Corp, and its wholly owned subsidiary ComNet (USA) LLC.
Flipkart and PhonePe have room for other investors, Walmart CEO says
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UPDATE 1-Flipkart and PhonePe have room for other investors, Walmart CEO says
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