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ECONOMY
Weekly Watch> WEEKLY WATCH NO. 46, 2011> ECONOMY
UPDATED: November 11, 2011 NO. 46 NOVEMBER 17, 2011
Anti-monopoly Probe
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The National Development and Reform Commission (NDRC) is investigating China Telecom and China Unicom, two telecommunications giants, over alleged monopolistic practices in the broadband access business.

If confirmed, the two major operators could face billions of yuan in fines, said the NDRC on November 9.

China Telecom and China Unicom account for 90 percent of the country's broadband business and have formed a monopoly in the market, the Xinhua News Agency reported, citing an anonymous official with the NDRC.



 
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