China to Set Up Satellite Telecom Company

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Thursday, July 13, 2000, updated at 13:57(GMT+8)

Sci-Edu

China to Set Up Satellite Telecom Company

China's central government has approved the plan of setting up a satellite telecommunication operator -- ChinaSat to further break up the market monopoly of the telecommunications industry.

Spokesman of the Ministry of Information Industry (MII) Cheng Guanghui told a press conference here this morning that the creating plan of ChinaSat has been approved by the State Council. He said that in the first half of this year, the state-owned China Telecom has been divided to two parts: China Telecom and China Mobile.


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	China's central government has approved the plan of setting up a satellite telecommunication operator -- ChinaSat to further break up the market monopoly of the telecommunications industry.




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