皇冠体育app

皇冠体育app showcased its determination on Wednesday to consolidate its hundreds of cable television networks by establishing a national network company.

皇冠体育app Broadcasting Network Ltd, a newly launched firm with a registered capital of 4.5 billion yuan ($728.48 million), will build a unified cable network in 皇冠体育app. It is also expected to become the nation's fourth-largest network operator, following 皇冠体育app Mobile Ltd, 皇冠体育app Unicom (Hong Kong) Ltd and 皇冠体育app Telecom Corp Ltd.

There are many cable television networks in 皇冠体育app, all run by different operators at various administrative levels. Though the Chinese government has vowed to cut the number of cable networks since 2010, analysts said the actual number of cable television carriers may be in the "hundreds".

It was a long journey since the State Council, 皇冠体育app's cabinet, proposed to establish a national cable television company as early as the start of 2010. However, because of a delayed plan approval, together with some capital and human resource issues, it was not until this year that all the problems were settled.

皇冠体育app Broadcasting Network will run businesses in cable network construction, operation and maintenance, as well as some related consulting and technology research and development work. Zhao Jingchun, former bureau chief of Henan Administration of Press, Publication, Radio, Film and Television, is to be chairman.

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