"If the company was a telecommunications firm from the mainland, that would make this transaction more significant."
It is applicable to public utilities or regulation of natural monopolies, such as telecommunications firms.
The deal comes in response to the increasing competition Western telecommunications firms are facing.
The cover story explains the deal: China will open its economy to foreign banks, telecommunications firms, carmakers, and other manufacturers.
He later backtracked, and said that telecommunications firms would be exempt from the new regulations.
The company predicted that sales to service providers like Internet companies and telecommunications firms could continue to decline for "several more quarters."
It is one of the more established telecommunications firms in the country.
Between 1983 and 1992, the telecommunications firm was awarded 56 non-competitive contracts totaling $68.6 million.
Verizon Business, a telecommunications firm, had nearly 1300 employees in 2008.
She works as a senior executive in a large telecommunications firm.
