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China to allow foreign ownership in telecom sector
2014-01-08 09:24:00| Telecompaper Headlines
(Telecompaper) China will open up certain telecom activities to foreign capital in the Shanghai Free Trade Zone, Xinhua reports. Services with no cap for foreign ownership will include app stores, store and forward, domestic multi-party communication, call centres and home internet access, according to Wen Ku, head of the telecom development department of the Ministry of Industry and Information Technology. Online data and analysis services will be capped at 55 percent foreign ownership, Wen said. The changes are part of China's commitments to the WTO to open up the ICT sector. Enterprises that apply for the services should register and base their infrastructure in the Shanghai FTZ, and all services may be available to the whole country, except home internet access services, which will be confined within the FTZ, Wen said.
Tags: china
foreign
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Category:Telecommunications
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