Citing security issues, Germany cancels Verizon internet contract

UPI International Top News |

The German government has canceled its Internet contract with the U.S. telecommunications company Verizon over data security fears.

There is concern in Germany that U.S. firms provide data to authorities, and anger over allegations that conversations on the telephone of German Chancellor Angela Merkel were intercepted by the U.S. National Security Agency. The phone-tapping claim was made by former NSA contractor Edward Snowden, and earlier in June, Germany announced a formal investigation of the allegations.



"There are indications that Verizon is legally required to provide certain things to the NSA, and that's one of the reasons the cooperation with Verizon won't continue. Furthermore, the ties revealed between foreign intelligence agencies and firms, in the wake of the U.S. National Security Agency affair, show that the German government needs a very high level of security for its critical networks," said Tobias Plate, Germany's interior Minister.

Verizon has contracted with several German government agencies to provide Internet services. The contracts expire in 2015.

There has been no accusation of involvement, on Verizon's part, in the phone-tapping controversy, but U.S. technology firms doing business in Germany have been subject to increased scrutiny and suspicion.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
SLNCF Silence Therapeutics Ord 2.10 0.00 0.00 0

Comments

Emerging Growth

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…