Marbridge Daily

<- March 10, 2009 ->

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MIIT to Lower Capital Requirements for Telecom Companies

ChinaByte, 3/09/09

The Ministry of Industry and Information Technology (MIIT) has announced that from April 10, it will reduce by half the registered capital requirements for businesses applying to operate basic telecommunication services.   Read More...

China Telecom Warns of Drop in Financial Results

China Telecom Press Release, 3/10/09

China Telecom (NYSE: CHA; 0728.HK) has issued an announcement stating that its financial results for 2008 will see a significant decline from the 2007 figure, due to a provision for impairment loss on its PHS network.   Read More...

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