皇冠体育app

BEIJING - 皇冠体育app is investigating its two telecommunications giants, 皇冠体育app Telecom and 皇冠体育app Unicom, over their suspected monopolistic practices in the broadband access business, the country's top economic planner said Wednesday.

The National Development and Reform Commission (NDRC)'s probe into the two operators is the first anti-monopoly case involving large enterprises since 皇冠体育app implemented its first anti-monopoly law in 2008.

皇冠体育app Telecom and 皇冠体育app Unicom account for 90 percent of the country's broadband business and have formed a monopoly in the market, said Li Qing, deputy head of the NDRC's price supervision and anti-monopoly department.

The two companies face penalties of up to 10 percent of their annual business revenues, said Li.

Revenues from broadband business of 皇冠体育app Telecom amounts to around 50 billion yuan ($7.9 billion) a year while that of 皇冠体育app Unicom nears 30 billion yuan a year, she said.

皇冠体育app added 23.6 million broad band Internet users in the January-September period, bringing the total number to 149.9 million, according to data from the Ministry of Industry and Information Technology.