The Ministry of Industry and Information Technology will half capital requirements for companies applying for basic telecom business licenses from RMB 200 million to RMB 100 million for regional companies and from RMB 2 billion to RMB 1 billion for nationwide companies effective April 10, reports Beijing Times. April regulations will also stipulate fines of RMB 5,000 to RMB 30,000 for companies gaining any telecom business operating license by inappropriate means, including fraud and/or corruption, along with a three-year freeze on license application.
Lisa
Hey,
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Thanks,
Daniel
http://www.mobilemark.com/
Posted by: Daniel | April 10, 2012 at 12:14 PM