POST Online Media Lite Edition


Foxconn applies for MNVO license

Staff writer |
Taiwan-headquartered Hon Hai Precision Industry, known by its trading name Foxconn, has applied to set up a mobile network virtual operator (MNVO) in mainland China.

Article continues below

Foxconn is applying for the license via an internet company in Shenzhen. Foxconn is one of 10 companies chosen by China Telecom as its third-round partners for MNVOs, a list that also includes Lenovo.

Foxconn's plan is similar to the model of Xiaomi Box, which links to the internet via terminals, and making terminals is exactly what Foxconn is good at, the report said. As Beijing still forbids foreign funds to be directly invested in the telecom industry, Foxconn must carry out its plans via cooperation with a local partner, Zou said.

What to read next

China gives green light to Foxconn's takeover of Sharp
Foxconn subsidiary to establish R&D center in Russia
Foxconn's $8.8 billion plant breaks ground in Guangzho