As the European telecom market tried to hurdle the effects on the global economic crunch, the telecom operators from the continent, along with many other foreign companies, are eyeing China to expand sources of revenue.
The Asian giant’s economy has been robust despite the financial crisis and foreign telecom companies are seeing the country’s potential.
Although Chinese law does not allow foreign telecom companies to operate wireless networks or provide phone call services, new business opportunities have emerged, especially those focused on network IT services.
BT Group Plc, headquartered in London, has been tapping the Chinese market and benefiting from the country’s economic progress over the years. The British multinational telecommunications company has been targeting multinational companies with a presence in China, or Chinese companies operating inside and outside the country.
AT&T, a US telecom company, has also been enjoying business success by delivering IP-VPN services in China, and has been servicing the increasing presence of Chinese companies abroad.
The outlook against the economic downturns across the globe is brighter in China, as the state government has set out strategic plans in the IT sector, like cloud-computing, and healthcare reforms, which will provide new opportunities for foreign telecom companies.
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