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China to allow more private capital in telecoms
(MENAFN) China's Industry and Information Technology Ministry (MIIT) granted a second batch of licenses to eight private enterprises for resale of certain mobile services, Xinhuanet reported
The move enables the firms, including e-commerce retail giants Gome and Suning, to partner and compete with backbone operators through the resale of mobile services, further opening the largely monopolized sector
The ministry granted the first batch of licenses to 11 private firms in late December last year. As the pilot scheme moves on, it will grant more licenses to qualified private businesses. Applications will close in July
The pilot scheme focuses on protecting consumers' rights and raises detailed requirements for applicants in their payment and exit policy, and their ability of offer long-term high-quality services
The move enables the firms, including e-commerce retail giants Gome and Suning, to partner and compete with backbone operators through the resale of mobile services, further opening the largely monopolized sector
The ministry granted the first batch of licenses to 11 private firms in late December last year. As the pilot scheme moves on, it will grant more licenses to qualified private businesses. Applications will close in July
The pilot scheme focuses on protecting consumers' rights and raises detailed requirements for applicants in their payment and exit policy, and their ability of offer long-term high-quality services
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