China mulls further opening telecom market

Updated 2018-01-25 01:22:05 Xinhua

China is considering further opening its telecom market by granting private virtual telecom operators formal commercial licenses, the Ministry of Industry and Information Technology (MIIT) announced Wednesday.

The draft decision came after over four years of pilot practices in 29 provincial regions by 42 private firms.

Starting 2013, qualified virtual telecom operators can resell mobile communications services to introduce their own brand of telecom services through leased telecom operator's networks and facilities or other forms of cooperation.

The pilot practices have served more than 60 million users and attracted private investment worth 3.2 billion yuan (50 million U.S. dollars).

The formal commercial licenses are open to all qualified market players, including foreign-invested firms, according to Chen Jiachun, a senior official with the MIIT.

The MIIT will enhance market regulation to ensure information security and protect user rights, Chen added.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 16 2018 04:57:25

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 16 2018 04:57:25

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 16 2018 04:57:25

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords