Policy & Regulation

CITIC Networks Receives the License of China's Basic Telecommunications Business Again

Updated:2019/7/13 10:08

According to industry sources, the Ministry of Industry and Information Technology issued a new license of basic telecommunications business to CITIC Networks Co., Ltd. (hereinafter referred to as "CITIC Networks”) last week, and CITIC Networks will be allowed to engage in the domestic Internet data transmission service.

Now that CITIC Networks has become the fifth operator in China to receive this license after the three major telecom operators and China Broadcast Network.

In the long run, CITIC Networks understands the market demand of government and enterprise customers more than the three major operators to a certain extent, which will have a certain impact on the three major operators in the market of government and enterprises.

 Source:C114
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