15 February 2019

Suning signs deal on mobile telecom resale services, Sina says

Suning Appliance Co. Ltd. (002024.CN) has signed agreements with China United Network Communications Group Co. Ltd. (00762.HK, 600050.CN) and China Telecom Corp. Ltd. (00728.HK) to cooperate on mobile telecom resale services, the Sina Technology website reported Sunday. Suning may become one of the first companies to receive a license for the service, an unnamed company source was quoted as saying. Candidates are required to cooperate with telecom operators before they can apply for a license, the report said. In May, the Ministry of Industry and Information Technology launched a trial scheme that allows companies that don’t have wireless networks to resell wholesale mobile services bought from telecom carriers. The scheme is aimed at encouraging private capital to enter the telecom sector.

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