CBN seeks telecommunication operating business license
Updated: 2016-04-22 07:33
By Fan Feifei(China Daily)
|
|||||||||
The Ministry of Industry and Information Technology is considering issuing a telecom license to the State-owned China Broadcasting Network Ltd, which, if approved, will make it the nation's fourth telecom operator.
The ministry said on its official Weibo account on Thursday that it had received the application for a basic telecom business license from CBN on March 7. The basic license is for a domestic internet data transmission business and telecommunication infrastructure service.
The ministry said it is now dealing with relevant legal procedures. If approved, CBN will become the nation's fourth telecom operator after China Mobile Communications Corp, China United Network Communications Group Co Ltd and China Telecommunications Corp.
CBN was established in 2014 with registered capital of 4.5 billion yuan.
It operates businesses in cable network construction, operation and maintenance, acting as a major force to promote the nation's progress in three-network convergence, which aims to combine cable television, telecommunications and the internet into one seamless chain.
Meanwhile, the three telecom carriers have accelerated their layouts in intelligent home entertainment market and increased investment in internet protocol television, or IPTV.
Peter Liu, research director at IT research firm Gartner Inc, said CBN, which is likely to enter the telecom business, will not shock the current carriers and change the competition situation in domestic market in the short term.
- As country's population has grown, so has the level of higher education
- Charities rebuild image through relief efforts
- New hiv testing project targets groups most at risk
- Study finds 20-year slump in exercise
- Little champ: Four-year-old roller skates on cliff
- Chinese scientists figure out Zika virus NS1 protein structure
- Ecuador continues recovery efforts following powerful quake
- Beacons and gun salutes as Britain's Queen Elizabeth turns 90
- Queen Elizabeth II's China connections
- Portraits of Queen Elizabeth released to mark her 90th brithday
- Big celebration set for queen's 90th birthday
- Things to know about Queen Elizabeth II
- A 75-year-old kite runner in west China's Shannxi
- $2 million hyper car crash in east China's Zhejiang province
- Little champ: Four-year-old roller skates on cliff
- In pics: Day in the life of a webcasting anchor
- Top 10 Chinese cities with highest average salaries
- School 'poisoned' by chemical plants in East China
- Muralist Millo adds color to Shanghai's skyline
- Maze-like bookstore opens new branch in Hangzhou
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
Liang avoids jail in shooting death
China's finance minister addresses ratings downgrade
Duke alumni visit Chinese Embassy
Marriott unlikely to top Anbang offer for Starwood: Observers
Chinese biopharma debuts on Nasdaq
What ends Jeb Bush's White House hopes
Investigation for Nicolas's campaign
Will US-ASEAN meeting be good for region?
US Weekly
Geared to go |
The place to be |