China will have more than 500 listing Internet companies in 2016, of which the market value will exceed ten trillion yuan in total, predicts Liu Gaofeng, an expert with China Academy of Telecommunication Research (CATR).
Liu predicts China's basic telecom operators will maintain low-speed and stable growth in 2016, and mobile data traffic, fixed-line value-added services based on high-speed broadband and Internet of Things business will become the main growth points for the telecom industry.
According to CATR's chief engineer Yu Xiaohui, the revenues of China's basic telecom operators, namely China Mobile (CHL.NYSE; 00941.HK), China Telecom (CHA.NYSE; 00728.HK) and China Unicom (CHU.NYSE; 00762.HK; 600050.SH), will be basically equal to or even less than that of Internet and value-added service providers in 2016.
Yu said the traditional telecom industry will become an infrastructure-based industry through industrial reshuffle, and the Internet-based over-the-top business will create growth space for the whole information and communication technology industry in the future.
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