PPF Group’s reaction to US Senator Marco Rubio’s letter to Treasury Secretary Steve Mnuchin and Attorney General William Barr, issued on 26th February 2020
We understand Senator Rubio’s interest in the matter. Unfortunately, in his letter, it would seem that he is relying on false information provided by Czech politician Pavel Fischer. In Senator Rubio’s letter, basic information is incorrect: for example, it is not true that CME operates on markets covering 90 million people; in reality, the number is less than half. It is also not true that PPF is propagating Huawei’s technology; the truth is that we inherited this technology as part of our acquisition of the Norwegian telco operator Telenor last year.