Ironically, based in Bermuda, Global Crossing was never a US company to begin with. And they were business partners with these same 'hostile communists' for years while under contract with the CIA and FBI.
Nomi
"We think it is against the national interests of the United States to sell this company to a foreign entity, particularly a hostile foreign entity like the Communist Chinese and anyone who would be their partners, like the Singaporeans," Jonas said.
Long-distance provider IDT plans 'national interests' bid for Global Crossing
Canadian Press Tuesday, February 25, 2003
NEW YORK (AP) - Long-distance telecommunications company IDT Corp. plans to make a $255-million bid for the assets of bankrupt Global Crossing Ltd., saying national security could be compromised by the current plan for investors in Hong Kong and Singapore to take over the fibre-optic carrier.
In a rambling conference call with reporters late Monday, IDT chairman Howard Jonas and CEO James Courter - a former Republican congressman - pointed out that Global Crossing's network carries data for the Justice Department, CIA and FBI.
Consequently, Jonas and Courter said, U.S. government officials are likely to block the $250-million bid by Hutchison Whampoa and Singapore Technologies Telemedia for a 61.5 per cent stake in Global Crossing.
"We think it is against the national interests of the United States to sell this company to a foreign entity, particularly a hostile foreign entity like the Communist Chinese and anyone who would be their partners, like the Singaporeans," Jonas said.
<A HREF="http://www.canada.com/components/printstory/printstory.asp?id={47E5D3D0-76D9-4AFB-9593-41C3EBD5F382}">http://www.canada.com/components/printst ory/printstory.asp?id={47E5D3D0-76D9-4AFB-9593-41C3EBD5F382}</A>
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