FCC releases text of report and order on review process for foreign ownership in telecom system

The Federal Communications Commission has posted a proposed order detailing how an updated security review process will work for foreign firms hoping to participate in the U.S. telecom system, fulfilling a requirement under an April executive order formally establishing the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector, previously known as Team Telecom.

“This Report and Order would adopt rules and procedures, consistent with the Executive Order, to improve the timeliness and transparency of...