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Investment by such firms is becoming a big source of capital for poor countries: half of foreign telecoms investments in Africa came from other developing countries, according to the OECD.
The authority in charge of the free-trade zone, which is believed to have the backing of Premier Li Keqiang, would also welcome bids from foreign telecoms companies for licenses to provide internet services within the new special economic zone.
Carlos Slim, the world's richest man, controls more than 70% of the Mexican mobile-phone market, which gives him ample cash to invest in foreign telecoms firms (and the New York Times, of which he owns 8%).
In October AT&T became the first foreign telecoms firm to win a licence to operate freely in India, following a cut in licence fees and a legal change that allows foreign firms to own up to 74% of their Indian subsidiaries.
The highest bidder may well be a foreign telecoms firm with pockets deep enough to pay upward of $1 billion for what should be a unique opportunity to enter the Russian market.At best Svyazinvest could be a welcome force for structural change in telecoms.
Mr Ren set up Huawei to import foreign telecoms equipment and sell it to that China unknown to overseas firms.
Similar(52)
Canadian law prevents the most obvious move: a sale to a foreign telecom.
Blame foreign telecom monopoly pricing and rocketing demand for enhanced communications services.
The aim of the NTT agreement was to increase the share and sales of competitive foreign telecom equipment in Japan.
One reason for the discount: Unlike the others, Telemar lacks a foreign telecom operator as an investor.
Likely candidates for the big consumer piece: Microsoft or a foreign telecom company bent on entering the U.S. market.
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