China’s Ministry of Industry Information Technology has decided to allow and encourage private capital to enter the telecommunications sector. Specifically, private investment will be allowed in the resale of mobile communications , broadband services, value-added telecom services and basic operating services, according to a report from China Daily and a press statement from the Ministry of Industry and Information Technology. In addition, telecom operators may proceed with IPOs on domestic exchanges and the state will dilute its stake in major players. The Ministry will also encourage private investment in telecom infrastructure construction and maintenance projects, including holding the operating rights of base stations and telecom towers. China Daily explains the decision as a bid to boost the slowing economy.
http://usa.chinadaily.com.cn/business/2012-06/28/content_15531642.htm
http://www.miit.gov.cn/n11293472/n11293832/n11293907/n11368223/14687672.html
China Daily: China to open telecom sector to private capital
Share this article
Help others discover this reporting.
Explore More
From the Technology Graveyard
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
On this day
June 29From 25 years of the Converge Digest archive.