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,...

To continue reading, please login or register for free

Click for more on: policy | shift | leaves | chinas | telco | sector | open

Print Edition

FinanceAsia Print Edition