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The Philippine National Broadband Network controversy (also referred to as the NBN–ZTE deal or NBN–ZTE mess) involved allegations of corruption in the awarding of a US$329 million construction contract to Chinese telecommunications firm ZTE for the proposed government-managed National Broadband Network (NBN).
The deal would come with 33.7 million subscribers, making AT&T the largest mobile phone company in the United States. [4] [5] If the deal were to go through, AT&T would have a 43% market share of mobile phones in the U.S., making AT&T significantly larger than any of its competitors.
The AT&T Wireless brand was retired by Cingular on April 26, 2005, six months after the close of the merger. This was per a pre-spinoff agreement with AT&T Corp. that stated that if AT&T Wireless was to be bought by a competitor, the rights to the name AT&T Wireless and the use of the AT&T name in wireless phone service would revert to AT&T Corp.
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By Jeff Kagan via Iris.xyz President Donald Trump upped the ante and signed an executive order banning from the US market, wireless and telecom network equipment from Chinese companies including ...
ZTE is a major shareholder and was instrumental in the creation of the company in 2007 but holds a minority of the shares in the entity. [86] ZTE agreed to take over a 48% stake in Turkish company Netaş Telekomünikasyon A.Ş. for $101.3 million from the American private equity firm One Equity Partners in December 2016.