The Chinese Telecommunication Corporation (CTC) is setting up its resources to open up cross-border telecom advantages. A Chinese company is getting ready for cross-border telecom set-up. On the other hand, it includes China-Pakistan information corridor the China-Laos-Thailand. In addition to the China-Bangladesh, Myanmar, India projects. CEO Deng Xiaofeng of CTC’s international subsidiary, China Telecom Global Ltd elaborated that: Cross-border telecommunication setup is one of the first stages intended for international cooperation. Our experience in arranging one of the world’s biggest information networks in China can help narrow the digital gap.
China to Associate Cross-Border Telecom Setup
The Exclusive Investment
China Telecom Global will invest $1 billion within future 3 to 5 years. For the reason that, they need to enhance its availability on the One Road One Belt (OBOR) project which includes Pakistan. Furthermore, Mr Denge said that they are going to increase money via private investors. Another way is state-run financing institutions intended for building land cables, internet data centres, and other infrastructure; including Europe, South East Asia, and some other regions. He said that they are also looking to invest in foreign telecom companies (like Telenor for example) to help evolving countries accelerate 4G development.
China Telecom boasts up to 4,700 overseas workers with offices. Moreover, subsidiaries in more than 30 different countries and regions. These countries lie on the OBOR. They have also built 13 internet data centres in 6 countries. Data from the International Telecommunication Union shows that Asia-Pacific region scored 4.58 in informatization level in 2016. It is not anything to be proud of as it is below the global average of 4.98.
Telecom analyst and Creator of the telecom website cctime.com Xiang Ligang said that China Telecom is stood in the first telecom carriers in China to go global. The push for going global started back in the 90’s. He further said that this would help other local telecom apparatus manufacturers set out into the international markets. China Telecom is expecting from the investment that it will improve telecom services along the OBOR; it will create a market value around $20 billion in the following five years.