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Which foreign company will first launch telecom services in Shanghai by end of 2024?
2
Resolution / Starting Odds
Tesla • 25%
Trafigura • 25%
HSBC Fintech • 25%
Siemens subsidiary • 25%
Official announcements from the companies or China's Ministry of Industry and Information Technology (MIIT)
Story
China Opens Telecom Sector to Foreign Companies, Tesla Among First to Join Pilot Program in Shanghai
Oct 23, 2024, 10:29 AM
China is further opening its telecom sector, allowing foreign companies to set up wholly-owned ventures to operate internet data centers in certain pilot zones. Tesla is among the first companies approved to participate in this pilot program, which permits them to fully own and operate telecom services in China. A total of 10 foreign enterprises, including Tesla, Trafigura, HSBC Fintech, and a subsidiary of Siemens, have filed applications to join the pilot telecom value-added service program in Shanghai. This initiative by China's Ministry of Industry and Information Technology (MIIT) aims to attract more foreign investment and enhance the country's telecom infrastructure.
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