This week, the Federal Communications Commission adopted new rules that should improve the transparency and timeliness of foreign ownership reviews. Details on the new “Team Telecom” review process, and how it relates to CFIUS, are inside.
If CFIUS wasn’t enough: New committee to review telecom deals
Last week, President Trump formalized the “Team Telecom” review process, creating a Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector (can you say, “CAFPUSTSS”?). Details and the Executive Order are inside.