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To: pttttt
http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030303/tc_nm/telecoms_hutchisonwhampoa_dc_2

Now it looks like they are going to play "move the line of the law" to get around this.
80 posted on 03/05/2003 8:12:22 AM PST by Calpernia
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To: Calpernia
Not good. This seems to have a lot of money, neo-Clinton political horsepower, and well-connected insiders behind it, because it's been more than a year and it's still on the table.

In Global Crossing's case, he said it was likely that the telecoms provider had specific contracts with certain Government agencies that had raised flags within CFIUS.

Global Crossing said it would not comment on Government work but said it did have certain contracts.

Sure it does. It's a major US telecommunications carrier. It's also a "carrier's carrier" as other press reports have pointed out - other prime contractors' government traffic would need to ride on their fiber and use their signaling. And I don't think there's anything in the law that would bar this company under the new ownership from bidding on - or winning - US government contracts.

81 posted on 03/05/2003 3:23:38 PM PST by pttttt
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