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28 Sep, Wednesday
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Bull Trader USA

Nikola’s Founder Has Sold $284 Million of Stock Since Fraud Charges

Reuters

U.S. opposes China telecom’s bid to continue U.S. operations

WASHINGTON (Reuters) -The U.S. Federal Communications Commission (FCC) asked an appeals court to reject China Telecom Corp Ltd’s bid to continue providing services in the United States, after the FCC revoked its authorization to operate. China’s largest Chinese telecommunications company filed its request to the U.S. Appeals Court for the District of Columbia this month. “China Telecom has no likelihood of succeeding on its claims,” lawyers for the Justice Department and FCC wrote in a court filing posted on Wednesday, saying the firm had not addressed the evidence “and instead takes issue with the Commission’s procedure.”

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