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China to grant licenses to virtual telecom operators [Reuters]

CHINA MOBILE (CHL)  More Company Research Source: Reuters
US:NYSE Investor Relations: chinamobileltd.com/en/ir/reports.php
PDF China to grant licenses to virtual telecom operators | Reuters 2 Min Read HONG KONG, Jan 24 (Reuters) - China will give licenses to virtual telecom operators, including foreign-invested ones, in a move aimed at opening up its telecom market that is dominated by state-owned China Mobile, China Unicom and China Telecom. Virtual network operators do not own the networks they use to provide communications services but instead lease capacity from conventional operators, usually paying them a percentage of their revenue as well as fees. China’s Ministry of Industry and Information Technology on Wednesday put out a draft notice regarding the approval of mobile telecommunication reselling services, after first introducing pilot schemes in May 2013. Foreign-invested firms as well as private and state-owned enterprises will be eligible to apply for the license, according to the government’s proposal, which will become effective pending a month-long public consultation. There will be no limit on [Read more]

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