Private companies seek telecom entry
More than 60 private companies in China have applied to enter the telecommunications industry, Chinese media said on Tuesday, adding the first private-owned telecom provider is likely to begin operations in June.
The applicants, most of them Internet companies, are looking for licenses to tap into value-added businesses, including data center and Internet-based services, said Economic Information, a Chinese language newspaper owned by the Xinhua News Agency.
The nation’s top information technology giants, such as Huawei and Alibaba Group, have passed a regulatory inspection, it added, citing an anonymous source.
China opened the telecom industry to private capital earlier this year to boost domestic investment.
The nation’s top information technology giants, such as Huawei and Alibaba Group, have passed a regulatory inspection, it added, citing an anonymous source.
China opened the telecom industry to private capital earlier this year to boost domestic investment.
