The Federal Communications Commission has revoked the ability of another telecom company, Pacific Networks and its subsidiary ComNet, to operate in the U.S., after determining that the Chinese-owned companies pose a national security risk.
The company primarily offers retail calling card services to U.S. consumers. It is owned by CITIC Group, formerly the China International Trust Investment Corporation, which is itself owned by China’s Ministry of Finance.
Pacific Network and ComNet have 60 days to cease their U.S. operations.
