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Stock impact report

First Baltic Sea "Sabotage," Now Chinese Ship Suspected Of Severing Major Undersea Cable Near Taiwan [zero hedge]

Chunghwa Telecom Co., Ltd. (CHT) 
US:NYSE Investor Relations: cht.com.tw/en/ir/stockit-earningsit.html
Company Research Source: zero hedge
First Baltic Sea "Sabotage," Now Chinese Ship Suspected Of Severing Major Undersea Cable Near Taiwan A little more than a month after critical undersea telecommunications cables were severed in the Baltic Sea region, reportedly by a Chinese vessel , a similar incident has unfolded just days into the new year—this time off Taiwan's northern coast. Taiwan English News reported that four core subsea telecom cables were damaged off the coast in Yehliu, New Taipei City, on Friday. Chunghwa Telecom operates the $500 million Trans-Pacific Express cable network via a joint venture between six telecom companies, including China Telecom, China Netcom, China Unicom, Chunghwa Telecom, Korea Telecom, and Verizon Communications. The cable connects East Asia to the US West Coast. According to Taiwan's National Coast Guard Administration, the Chinese vessel suspected of cutting the subsea cable just north of Taiwan is "Shunxin 39." It's a Cameroon-registered cargo ship. EurAsian Times noted that Shun Show less Read more
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