Policy shift leaves China's telco sector wide open

Foreign investors are given green light for increasing investment in China''s telco and internet industries.

StockHouse LogoIn a major policy shift, the Chinese Government will repeal a rule barring the cable television and telecommunications industries from each other's businesses. Upon receiving a license, cable TV operators are now allowed to offer internet services, while telecoms companies will be allowed to offer television services.

The policy shift signals a green light for foreign companies seeking to tap into China's booming telecoms and internet markets. Analysts believe that companies which already have cable network operations in China,...

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