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The FCC doesn't make rules based on who owns the telephone though.


Actually, they kind of do.

> US bans sale of Huawei, ZTE tech amid security fears

https://www.bbc.com/news/world-us-canada-63764450

This was an FCC rule


A better analogy are TV stations, which cannot be owned by a foreign entity, and why Murdoch became a US citizen (or he would not have been able to own Fox).




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