Top brass urging operators to up overseas investment

11 Jul 2005

A spokesman for the Ministry of Information Industry (MII) has called on China’s leading telecoms companies to increase global investment, including joint venture initiatives, ahead of its planned allocation of licences to offer high speed mobile phone services, due to take place sometime in the next twelve months. Deputy Telecommunications Director Lu Wang said domestic telcos should forge deals with foreign companies to develop 3G technologies, and called for increased private investment in the local market from both Chinese and international investors.