Gulf money’s targeting of European telecoms raises hackles

“Countries in the Middle East have such huge trade surpluses that they’re kind ofdesperate to find places to put dollars and euros. And I guess European telecomslooks pretty cheap at the moment,” said Zach Meyers of the Centre of EuropeanReform think-tank.

...“Economic security has always been focused on China, even though nobody says it,” Meyers said, stressing the “lack of EU-wide consistency on what our economicsecurity is and specifically in terms of telecoms investments.”