Senate Communications Subcommittee Chmn. Burns (R-Mont.) and Comm...

Senate Communications Subcommittee Chmn. Burns (R-Mont.) and Commerce Committee ranking Democrat Hollings (S.C.) wrote to Treasury Secy. John Snow to express “serious reservations” about the proposed purchase of Global Crossing by Singapore Technologies Telemedia, which is owned and controlled by the Singapore govt. “In light of the recent reported opposition to the transaction by the Dept. of Defense and the Dept. of Homeland Security, we feel compelled to reiterate our longstanding views on this issue,” the letter said. Should the Committee of Foreign Investment in the U.S. approve the transaction, the Commerce Committee would likely hold a hearing to review the transaction, the letter said.