Virtual telecom market to welcome foreign capital
By Gao Yuan (chinadaily.com.cn) Updated: 2014-01-10 15:11China will open its virtual telecom market to foreign capital, a think tank said.
"Introducing more virtual carriers will encourage competition in the telecom industry and diversify services and lower charges," Beijing News reported, citing Liu Duo, vice-president of the China Academy of Telecommunication Research of the Ministry of Industry and Information Technology.
Overseas companies will be able to provide services to mobile subscribers in China by hiring infrastructure from the country's big three telecom operators.
Liu said the ministry does not have a timetable for the new policy.
In December, the ministry issued virtual telecom licenses to 11 Chinese companies.
The country will have 50 million subscribers who use services provided by virtual carriers by 2015, the newspaper said.
- NHTSA says finds no 'defect trend' in Tesla Model S sedans
- WTO rare earth ruling is unfair
- Amway says 2014 China sales may grow 8%
- President Xi in Europe: Forging deals, boosting business
- CNOOC releases 2013 sustainability report
- Local production by Chery Jaguar Land Rover this year
- Car lovers test their need for speed in BMW Mission 3
- China stocks close mixed Monday
Hot Topics
Editor's Picks
