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BUSINESS & TECH

Government Grants Mobile Virtual Telecom Network Licenses to 15 Companies

Mobile virtual network operators do not own the networks over which they provide services, but instead lease capacity from the telecom giants. Photo: VCG
Mobile virtual network operators do not own the networks over which they provide services, but instead lease capacity from the telecom giants. Photo: VCG

The Ministry of Industry and Information Technology (MIIT), after a five-year trial period, has granted licenses allowing a first batch of 15 companies to run mobile virtual telecom networks in the country.

The companies include subsidiaries of HNA Group, Alibaba Group Holding Ltd., JD.com Inc. and Xiaomi Corp., according to a statement (link in Chinese) posted on its website Monday.

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