PRESS: China Mobile registers firm in Russia to service companies - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

PRESS: China Mobile registers firm in Russia to service companies

MOSCOW, Jan 11 (PRIME) -- ChinaТs biggest telecom operator China Mobile has registered a company to work in Russia, where it will provide services to corporate clients from China and sell channel capacity to operators to carry data by the Europe-Asia route, business daily Kommersant reported on Thursday.

China Mobile International Russia was registered on December 15, 2017 and belongs to China Mobile, which has 867 million subscribers and is controlled by the Chinese government.

A source from the telecom industry told the daily that China Mobile entered Russia to work with Chinese corporate clients. Competition among Chinese telecom companies in Russia is gaining force, and their expansion is supported by the Chinese government under the On Belt and One Road initiative, the source said.

China MobileТs biggest rivals have already come to Russia. China Unicom, which has 277 million subscribers in China, opened its representative office in Russia in June 2017, and China Telecom, which has 128 million subscribers on its local market, registered a firm in Russia in 2012. These companies also received licenses to provide connection services.

After registration, China Mobile will receive a license to provide telecom services to work with Russian companies, the source said. At this stage, the companyТs investment will count Уhundreds of thousands of U.S. dollarsФ, which will be spent to buy telecom equipment.

MegaFon, one of the biggest Russian operators, has already become a partner to China Mobile and launched a long-haul route with a capacity of 100 Gbit/s to carry data between Europe and Asia. A MegaFon spokesperson said that УitТs the first step in MegaFonТs long-term strategy to develop own international network consistently.Ф

The share of Chinese companies on the Russian corporate telecom market will remain small in comparison to its leaders, Rostelecom, MegaFon, and Orange Business Services, the source said.


11.01.2018 10:32
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.8574 -0.1540 16 jul
USD 62.8280 -0.1924 16 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1386.52 -0.10 18:50 15 jul
micex 2756.44 -0.76 18:50 15 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 240.30 -2.12 18:49 15 jul
lkoh 5178.50 -1.61 18:49 15 jul
rosn 418.40 -0.20 18:49 15 jul
sber 235.27 -0.74 18:49 15 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5200 -0.3700 14:59 15 jul
USDTD 62.6575 -0.5000 17:44 15 jul