NTT-VERIO ACQUISITION.August 14 is the deadline for resolution of certain national security concerns facing the prospective $5.5 billion bid by Nippon Telegraph & Telephone Corp. (NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform ) for the Internet company Verio, Inc. A meeting mid last week under the aegis aegis (ē`jĭs), in Greek mythology, weapon of Zeus and Athena. It possessed the power to terrify and disperse the enemy or to protect friends. of the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Department was designed to resolve potential national security considerations raised by the acquisition. The matter has been under study by different government agencies for the past three months. Among the agencies involved are the FBI, DOJ (Department Of Justice) The legal arm of the U.S. government that represents the public interest of the United States. It is headed by the Attorney General. , and the Pentagon. Among the principal issues of concern to the U.S. government is the access which would be afforded the Japanese government to information concerning the U.S. government's wiretapping A form of eavesdropping involving physical connection to the communications channels to breach the confidentiality of communications. For example, many poorly-secured buildings have unprotected telephone wiring closets where intruders may connect unauthorized wires to listen in on phone and other intelligence gathering activities. The inquiry is the first time that the acquisition of an Internet company has presented the U.S. government with concerns similar to those involved in foreign ownership of American broadcasting entities, as well as aerospace and defense manufacturers. The government traditionally has required American companies involved in security work to insulate in·su·late tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates 1. To cause to be in a detached or isolated position. See Synonyms at isolate. 2. any foreign ownership component from access to such information, or any decisionmaking which would impact such activity. It can be expected that if approved, the acquisition would have to provide similar firewalls. A multi-agency panel headed by the Treasury Department, must recommend by August 14, whether the Executive branch should approve the transaction. |
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