State-Owned Telecom Subsidiary Looks to Africa to Reverse Its Fortunes
After years of slowing profit growth in a crowded domestic telecommunications market, China Communications Service Corp. Ltd. is hoping a massive infrastructure project in Africa will reverse its fortunes.
In the 1980s and ’90s, the state-owned enterprise was instrumental in developing China’s first long-distance communications backbone, nicknamed “bazongbaheng” — Mandarin for “eight verticals and eight horizontals” — which linked the fiber optic networks of the country’s provincial capitals for the first time.
- 1Court Overturns Sentence for Ally Who Turned on Guo Wengui
- 2China’s Quest for ‘World Class’ Universities Triggers Spending Spree
- 3Despite Cryptocurrency Curbs, China Backs Underlying Technology
- 4Quick Take: China Postpones New Tax Rules on E-commerce Imports, Again
- 5China's COMAC Reports 130 New Orders for C919 Planes