PCV notes that high-tech infrastructure investments such as this are projected to fuel the next wave of growth across the region.
April 25, 2017
‘China Telecommunications Corp said on Monday that it will invest more than $1 billion over the next three to five years to expand its presence in economies along the Belt and Road Initiative.
Deng Xiaofeng, CEO of its international unit China Telecom Global Ltd, said it will also raise more money from State-owned financing institutions and private investors, in a move to build land cables, internet data centers and other infrastructure in Southeast Asia, Europe and other regions.’