Policy & Regulation

78 Foreign-Funded Firms Get Telecom Service Licenses in China

Updated:2017/7/12 16:49

CAICT(China Academy of Information and Communications Technology) released the Report on the Developments of Foreign Investment and Operation in Telecommunication Business in China in June 2017 recently.

78 foreign-funded telecommunication enterprises have gained telecom service license in China by the end of June this year according to the report, among which 53, registered in Beijing, Shanghai or Guangzhou, were allowed to operate telecom business by MIIT, totally owning 86 service licenses.

Half of the 78 companies come from Hong Kong, followed by U.S. and Japan. In addition, there are 15 firms introduced through CEPA.

 Source:C114
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