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T-Systems, HSBC Fintech among 13 companies approved for telecom pilot in China

( February 28, 2025, 03:27 GMT | Official Statement) -- MLex Summary: T-Systems, a wholly owned subsidiary of the Deutsche Telekom Group, HSBC Fintech, Siemens Digital Industries, PCCW and Airbus (China) Enterprise Management & Services - a subsidiary of Airbus, are among 13 foreign-owned enterprises that have received approval for a pilot operation of value-added telecom services, including Internet access and information services, in China, according to the Ministry of Industry and Information Technology. They represent the first batch of foreign-invested companies to gain approval following China's launch of a pilot program for value-added services in Beijing, Shanghai, Hainan Island and Shenzhen last year. As of February, China is home to over 2,400 foreign-invested telecom enterprises, a 30 percent increase from the same period in 2024, the ministry said.The statement follows:...

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