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WorldPosted at: Jan 16 2017 11:23AM


China, eager for telecoms reform, calls for private investment

BEIJING, Jan 16 (Reuters) The Chinese government has renewed calls for private investment in the country's telecommunication firms as it encourages them to cut fees and other costs and become more competitive in offering internet-related services.
The country's big telecoms firms, China Telecom Corp Ltd , China Unicom Hong Kong Ltd and China Mobile Ltd, are all units of unwieldy state-owned enterprises. Those parent firms are seen as heavily overstaffed, inefficient and slow to develop key technologies.
The government will open the telecommunications industry to private investment and give "free rein to telecommunications companies in the development of the internet," according to a notice issued by the CPC Central Committee and the State Council.
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Tags: #China# eager for telecoms reform# calls for private investment
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