China Issues Telecom License To China Broadcasting Network

China created a fourth player in the country’s telecom market by granting license to the state-owned China Broadcasting Network Company, allowing it to offer country wide internet data and telecom services.

The country’s telecom sector has been dominated by three major players: China Mobile, China Telecom and China Unicom. With almost 1.3 billion mobile subscribers, China is one of the largest telecommunications markets in the world.

The move is unlikely to impact the three existing service providers in the near future as the fourth player goes about setting up the infrastructure. The new service provider might focus on internet Tv programming instead of competing directly with the mobile services of the existing three players.

However, the country’s telecom equipment makers, Huawei and ZTE are likely to see a spurt in their business as the fourth player enters the market.