All rights reserved. For BTS operators, the minimum registered capital is RMB 100 million for single province providers and RMB 1 billion for nationwide providers. Application for a BTS or VATS licence is free of charge. The PRC Telecommunications Regulations (the “Telecoms Regulations”), first issued by the State Council on 25 September 2000 (and subsequently revised on 29 July 2014 and 6 February 2016), covers licensing, fee collection, interconnectivity, operation and regulation of telecoms services in the Prc. China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. all rallied on Tuesday. China Telecom. Spokespeople for the White House and the . Cross-provincial licences, on the other hand, cover the provision of nationwide regulated services, and are issued by the MIIT. Telecommunications regulatory authorities across the globe have launched innovative frameworks to facilitate the coordinated sharing of licensed spectrum, most … Travis Lundy, an Asia markets veteran and independent analyst who publishes on the Smartkarma platform, said in a tweet that the U-turn reflected “rank ineptitude” by the exchange and “weak leadership” by the Treasury Department. By adhering to the core philosophy of "comprehensive innovation, pursuing truth and pragmatism, people-oriented approach and creating shared value", China Telecom persists to incorporate corporate responsibilities into development strategy, daily operation and management activities. The telecommunications industry, like most other industries, is also subject to administrative charges, namely an education fee of 3% and a local education surcharge of 2%. Before it's here, it's on the Bloomberg Terminal. Who should govern the Internet in China? Have a confidential tip for our reporters? India's mobile phone subscriber base has reached the one billion users' mark, according to data released recently by the Telecom Regulatory Authority of India (TRAI), country's telecom regulator. India currently has a smartphone user base of over 300 million. While China’s President Xi Jinping said in a congratulatory message to Biden in November that he hopes to “manage differences” and focus on cooperation, few expect tensions to ease anytime soon. The about-face, described as “bizarre” by a Jefferies Financial Group Inc. analyst, also whipsawed investors who on Monday had sold shares of the Chinese telecom companies and raced to bet on which stocks might be delisted next. The Administrative Measures for the Licensing of Telecommunication Business (effective from 1 September 2017) further sets out the eligibility criteria for applying a telecoms licence. ... Financial Industry Regulatory Authority declined to comment. Lesotho Lesotho Communications Authority. Calls and emails to the media department of the China Securities Regulatory Commission weren’t immediately returned Tuesday. U.S. Surpasses 25 Million Covid-19 Infections, Merck Shuts Down Covid Vaccine Program After Lackluster Data, Travel Bans and Lockdowns Spurred by Variants: Virus Update, Tech Futures Rally; European Stocks Retreat: Markets Wrap, Germany Buys Covid Treatment Used by Donald Trump. Read more: China Mobile May Dodge Index Exclusion After NYSE U-Turn. The licensing requirements and application process differ depending on the type(s) of licences required. This report presents key aspects of the China telecom market as it enters 2019. Their U.S. counterparts, meanwhile, are keen to avoid any ratcheting up of tensions that might curb their access to China’s vast economy. The telecom authorities maintain a list “poorly performed” and “dishonest” companies and such list is made available to the public. A BTS licence is valid for either five or ten years (depending on the type of telecom service involved) and a VATS licence is valid for five years. Leading telecoms service operators, which refer to operators that control vital telecoms infrastructure, have a relatively large share of the telecoms market and can materially influence the market entry of other telecoms business operators, may not refuse interconnection requests from other telecoms business operators and operators of dedicated networks. Article 6. Spokespeople for the U.S. Treasury Department, U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority didn’t immediately reply to requests for comment. For Hong Kong and Macau, see Communications in Hong Kong and Communications in Macau. The developments have unfolded in the last few weeks of the Trump administration, which for years has railed against China for what the U.S. president calls unfair trading practices. Updates with reaction among officials in 4th paragraph, Finra official declining to comment in 10th, shares in 12th. Consultant Tennessee Regulatory Authority dan.ray@tn.gov Cameron Reed Utilities Engineer California Public Utilities Commission cameron.reed@cpuc.ca.gov Alejandro Reyes Regulatory Compliance Counsel San Gabriel Valley Water Company arreyes@sgvwater.com The Big Board gave no reason for its decision in a statement released during Asian hours, saying only that it had consulted “relevant regulatory authorities” about Trump’s executive order, signed in November as part of his administration’s push to check China’s growing economic power. DLA Piper is a global law firm operating through various separate and distinct legal entities. It includes an overview of the regulatory environment, market highlights and comprehensive statistics. In separate statements, China Telecom and Unicom said they will continue to monitor the developments, while China Mobile didn’t respond to requests for comment. While the impact on China Mobile and its two peers was always likely to be minimal given the bulk of their shares trade in Hong Kong, the delisting plan had heightened concerns about tit-for-tat sanctions between China and the U.S. as tensions between the superpowers simmer. Attorney Advertising. The Subcommittee’s report documents how Team Telecom had little engagement with China Telecom Americas and ComNet USA, until recently. Some industry sources expect closer scrutiny of "gray area" operations of foreign companies that had been tolerated when the regulatory authority was unified. VATS refers to the telecoms and information services provided through public network infrastructure. The provision of telecommunications services in the PRC is subject to a complex licensing regime depending on the type(s) of telecoms services offered. The telecoms sector in the People's Republic of China (PRC or China) is heavily regulated. Like other countries in the world, China is experiencing an administrative dilemma because of technological convergence. WATCH: The NYSE says it no longer plans to delist Chinese telco giants. China Unicom. China Telecom and its affiliates, including its U.S. affiliate, China Telecom Americas, denies the public reports. The Telecoms Catalogue sets out the relevant regulated services that fall within the different categories of BTS and VATS. This article is a list of the legal regulatory bodies that govern telecommunications systems … Importantly, the categorisation of services which fall within the scope of the licensing regime is particularly wide and covers traditional telecommunication service offerings, as well as extending to other types of technologies and services provided via the Internet. Foreign ownership limits for BTS is 49% for BTS and 50% for VATS. Telecom stocks are trading mixed this morning after the Telecom Regulatory Authority of India deferred zero IUC for a year to January 2021. FTSE Russell declined to comment on Tuesday, while MSCI and S&P Dow Jones couldn’t immediately be reached. Under the Telecoms Regulations, interconnection of telecoms networks should be effected on the basis of the principles of technical feasibility, economic sense, fairness, impartiality and mutual complementation. At 11.15am, Bharti … BTS refers to the business of providing public network infrastructure, public data transmission and basic voice communications services. © 2021 DLA Piper. The company’s NYSE-listed shares were up 9% at 11.17 a:m. in New York, while China Unicom’s U.S. shares surged 14%. Where the services are provided to consumers, providers should be mindful that the PRC Law on the Protection of Consumer Rights and Interests will also apply. The holder of a telecoms licence is only permitted to carry out the activities specified in the licence. In separate statements, China Mobile, China Telecom and Unicom said they will continue to monitor developments. China Mobile, the largest of the three, jumped 5.1% in Hong Kong on Tuesday. Read more: TikTok, Hong Kong and More U.S.-China Flashpoints. Sanctions include revocation of telecoms licences, shutdown of business and blacklisted by the authorities for (at least) three years. Coming days before the companies were to be delisted -- and just over two weeks before Trump is to leave the White House -- the U-turn avoids a step that threatened to heighten U.S.-China tensions further. This article discusses the telecommunications industry in mainland China. Each of BTS and VATS is further divided into a Category 1 and a Category 2 under the Telecoms Catalogue. The telecommunications industry is subject to Value Added Tax. His presentation discussed the telecommunications industry of East Asia. Telecoms operators must also meet the minimum registered capital requirements in order to be granted licences. American depositary shares in the companies — China Telecom Corp. Ltd., China Mobile Ltd. and China Unicom Hong Kong Ltd. — had been slated to … Vats licence is free of charge Dodge Index Exclusion after NYSE U-Turn 100804, China Telecom Americas and. Telecom Authority ( PRC or China ) is heavily regulated there last year structure please! 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