History[ edit ] Nationalised service s—s [ edit ] Inunder the French Revolutionthe first communication network was developed to enable the rapid transmission of information in a warring and unsafe country. That was the optical telegraphy network of Claude Chappe. Inafter the invention of the electrical telegraph and then the invention of the telephone, the French State created a Ministry of Posts and Telegraphs. Telephone Services were added to the ministry when they were nationalised in
Both companies said that they were cooperating with the National Development and Reform Commission, which revealed its probe in early November, and noted that their own internal reviews had turned up potential changes to their pricing policies for the dedicated leased-line access that they provide to smaller Internet service providers that don't operate their own broadband networks.
Both companies confirmed that they had applied to the NDRC, as permitted under the country's Anti-Monopoly Law, to have the probe suspended and proposed fixes to address the issues.
China Telecom vowed to "earnestly implement" its proposed initiatives, including expanding the capacity of its interconnection with other backbone network operators, like China Unicom and China Tietong Telecommunications Corp.
The company further offered to standardize its rates for the leased-line access and "conduct transactions in accordance with fair market rules. Other proposed remedies include continuing efforts to expand its fiber-optic networks to reach more customers and to improve its broadband speed and to attempt to cut customer's Internet access fees by 35 percent over the next five years.
China Unicom said that between now andit would invest further in expanding broadband Internet infrastructure and improving access speeds while lowering customers' rates. The NDRC said Friday that it had received the companies' applications and was examining their requests, according to Chinese state-run news agency Xinhua.
The probe marks the first time Chinese authorities have targeted state-owned enterprises of this size and prominence under the country's antitrust law, which took effect in It is also the agency's first abuse-of-dominance case, as most of the country's competition enforcement has focused on cartels and merger control.
The exact details of the agency's concerns about the two telecommunications giants has remained unclear, but Li Qing, deputy head of the NDRC's price supervision and anti-monopoly department, said in an interview on state-owned China Central Television that China Telecom and China Unicom together represented 90 percent of the country's broadband business.
A number of legal observers have said that the watchdog's concerns might be similar to those raised by the European Union during its margin squeeze cases against Deutsche Telekom AG and other dominant telecom companies in the early s.
Mayer Brown JSMfor one, suggested that under that logic, the regulator may be worried that — given the companies' dominance in the market and their hold over the country's broadband infrastructure — the telecom providers could potentially force downstream ISPs that have to lease network space to charge rates that are too high for them to be effective competitors.
If the rates that China Telecom and China Unicom charge those ISPs for network capacity are too close to the price the two giants offer retail customers, the downstream ISPs might find themselves unable to turn a large enough profit to survive while still competing with the retail rates offered by China Telecom and China Unicom.
Editing by Chris Giganti.Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
The China Times is a daily english newspaper covering Chinese social, business and economic topics, as well as international political issues. Jan 18, · On 2 December , China Telecom and China Unicom announced that they have applied to the National Development and Reform Commission (NDRC) for suspension of its antitrust investigation into their internet access pricing practices, by promising to adjust the internet access prices and overhaul their broadband services.
The company was established in March, , located in Qingdao, Shandong province, China. We have Six steel structure production entities, which locate in Heilongjiang, Inner Mongolia and Qingdao, and we have employees and 1,,m2 plant coverage, with RMB18,,, annual output value.
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The companies signed up for $ billion in new loans, leases and lines of credit last month, up from $ billion a year earlier, the Equipment Leasing and Finance Association said. The chart shows that China Mobile's Quality Rank is currently higher than that of 80% of the stocks in the universe.
It also shows that the rank is now at its peak compared to the last 10 years.