SINGAPORE: The Committee on Foreign Investment in the United States (CFIUS) will extend its review of bankrupt Global Crossing Ltd's plan to sell a majority stake to a company owned by an arm of the Singapore government, a person familiar with the review said on Thursday.
US economic and defence officials on the panel were divided over whether to allow Singapore Technologies Telemedia (STT) to buy the 61.5% stake on concern over the impact on US national security, so the group would extend its review for 45 days, the person said, declining to be identified further.