|Bid||1.9575 x 0|
|Ask||2.0090 x 0|
|Day's range||1.9650 - 1.9650|
|52-week range||1.9520 - 4.1820|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
U.S. rural telecommunications networks, which have relied on inexpensive network equipment from China's Huawei Technologies Co [HWT.UL] and ZTE Corp <000063.SZ>, have told the government that it would cost $1.837 billion to replace those switches and routers, the Federal Communications Commission (FCC) said on Friday. In June, the FCC formally designated Huawei and ZTE as threats to U.S. national security, a declaration that bars U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies.
The Federal Communications Commission on Tuesday formally designated Chinese's Huawei Technologies Co and ZTE Corp <000063.SZ> as posing threats to U.S. national security, a declaration that bars U.S. firms from tapping an $8.3 billion government fund to purchase equipment from the companies. The U.S. telecommunications regulator voted in November 5-0 to issue the declaration and proposed requiring rural carriers to remove and replace equipment from the two Chinese companies from existing U.S. networks. "We cannot and will not allow the Chinese Communist Party to exploit network vulnerabilities and compromise our critical communications infrastructure," FCC Chairman Ajit Pai said in a statement Tuesday.
The order invoked the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. U.S. lawmakers said Trump’s 2019 order was aimed squarely at Chinese companies like Huawei Technologies Co and ZTE Corp. The U.S. Commerce Department is also expected to extend again a license, set to expire on Friday, allowing U.S. companies to keep doing business with Huawei, a person briefed on the matter said.