China's Ministry of Industry and Information Technology (MIIT) granted a telecom services licence to state-owned China Broadcasting Network (CBN), reports Reuters. The licence makes CBN the fourth player in a market long dominated by three big companies, namely China Mobile, China Unicom and China Telecom.
The awarded basic telecom services licence enables CBN to operate an internet domestic data transmission business and a domestic telecommunication infrastructure service business, MIIT said. The ministry also allows China Cable Television Network, a subsidiary of CBN, to operate the two businesses.
