Telecommunications

The FCC is intensifying scrutiny of Hong Kong-based HKT Trust and HKT Ltd due to national security concerns, initiating proceedings that could block their interconnection with U.S. networks. This follows similar actions against other Chinese telecom companies. HKT’s shares declined on the news. The FCC’s action reflects growing U.S. concerns about Chinese influence and security risks, particularly for companies with ties to the Chinese government, amidst escalating trade tensions. PCCW, HKT’s parent, is majority-owned by Richard Li, placing the company at the center of US-China geopolitical rivalry.

CIBL, Inc. (CIBY) announced the appointment of Gary L. Sugarman to its board of directors, effective October 10, 2025. Sugarman’s extensive experience in telecommunications, including roles at LICT Corporation, Fiberlight Inc., and Telephone and Data Systems, is expected to guide CIBL’s strategic growth in the broadband market. His background in telecom investments and infrastructure development aligns with CIBL’s aim to leverage expertise in the dynamic telecommunications landscape. Analysts suggest his expertise is crucial for CIBL’s success in a competitive market.

DTTM Operations, representing Donald Trump, has filed trademark applications for telecommunications services, including mobile phones and retail ventures, potentially expanding his business interests. This follows earlier filings signaling a move into the metaverse, suggesting a broader diversification strategy beyond his traditional real estate and hospitality focus. The applications encompass virtual goods, digital token exchange, and virtual training services.

IQSTEL Inc. announced an agreement to acquire a 51% stake in fintech innovator GlobeTopper, aiming to expand its global footprint and reach a $1 billion revenue goal by 2027. The acquisition, valued up to $700,000, will leverage GlobeTopper’s projected $65 million in 2025 revenue and existing client base across the Americas, Europe, and Africa, integrating its operations in the IQSTEL’s Fintech Division.