Press release -
BT first global telco to receive domestic telecoms licences in China
BT today announced that it has become the first international telecommunications company to receive nationwide licences from the China Ministry of Industry and Information Technology.
The two ‘value added licences’, China nationwide Domestic IP-VPN licence and China nationwide Internet Service Provider (ISP) licence, enable BT China Communications Limited to contract directly with its customers in the country and bill them in local currency.
The value added licences represent a major step for BT in China where many of its multinational customers require secure and reliable connectivity to expand within the country.
Bas Burger, CEO of Global Services, BT, said: “We are delighted with this major benefit for our customers. Thanks to cooperation between the governments of the PRC and the UK, we are now able to offer a nationwide service in China that can be scaled up to match the ambitions and needs of our customers. Being able to service and bill locally significantly simplifies the process of delivering connectivity and other communication services. It is what our customers expect from us and we are very grateful for the opportunity to do this as of today.”
International Trade Secretary, Dr Liam Fox MP said: “I am very pleased that close cooperation between the UK and Chinese governments has resulted in BT securing these licences which will enable it to operate across the country. This major milestone exemplifies the vital work of my international economic department to open up markets and ensure that UK firms are represented on the global stage.”
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BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of four customer-facing units: Consumer, Enterprise, Global Services and Openreach.
For the year ended 31 March 2018, BT Group’s reported revenue was £23,723m with reported profit before taxation of £2,616m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit www.btplc.com