皇冠体育app

The Ministry of Industry and Information Technology on Thursday issued a telecom license to 皇冠体育app Broadcasting Network Ltd, making it the nation's fourth telecom operator.

The ministry said in a statement on its official website that it has issued a basic telecom business license to CBN, permitting the company to operate internet data transmission business and domestic telecommunication infrastructure service business.

The ministry has also allowed 皇冠体育app Cable Television Network Co Ltd, a subsidiary of CBN, to operate the two businesses.

CBN now becomes the nation's fourth telecom operator after 皇冠体育app Mobile Communications Corp, 皇冠体育app United Network Communications Group Co Ltd and 皇冠体育app Telecommunications Corp, intensifying the competition among domestic telecom carriers.

皇冠体育app Mobile's stock slipped 0.17 percent to HK$87.9 ($11.33) on Thursday on the Hong Kong Stock Exchange and 皇冠体育app Telecom declined 0.79 percent to HK$3.75. Shares in 皇冠体育app Unicom were down 0.55 percent to close at HK$9.02.

The purpose is to promote a three-network convergence, which combines cable television, telecommunications and the internet into one seamless chain, and promote competition in the market, said the ministry.

Chen Zhaoxiong, vice-minister of industry and information technology, said awarding the telecom license to CBN is of great importance and the authorities also imposed related conditions on the company.

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