US Weighs Ban on Richard Li’s HKT as China Tensions Rise (1)

The US took steps to block one of Hong Kong’s largest phone companies from accessing domestic telecom networks, citing national security concerns, a move that intensifies the fallout on the city’s billionaire Li family from US-China tensions.

The Federal Communications Commission called on HKT (International) Ltd. and its subsidiaries, which are controlled by Richard Li’s PCCW Ltd., to “explain why the FCC should not commence revocation proceedings against them.”

HKT currently has permission to interconnect with US networks, allowing calls and data to be exchanged directly. The FCC noted in its Wednesday statement that it’s an affiliate of the ...