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Thread: What do you think of China telecoms restructuring?
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[quote=KEVIN0518,294766]"Correct me if I am wrong, but aren't they all owned by the government? I don't see any real competition if so." You are right, Muddie. These five corporations are owned by the government. Now the government uses the administrative means to intervene in the market, hoping that China Mobile's domination could be broken. It is said that about 70 percent cellphone users are the customers of China Mobile. The other four just takes about 30 percent. In order to balance the market, the government decides to turn five telcom corporations to three.[/quote]
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