U.K. telco giant BT said it is opening a research and development center in China as part of its effort to expand into the Chinese market. Foreign telcos can't own network operators in China, and many Western companies once feared they could have technology innovations stolen if they pursued cutting-edge telecom work in China.
However, partnering with Chinese firms and working locally to develop new technologies is still probably the best chance telcos from elsewhere in the world can get a foothold in China. With many of those telcos facing huge competition in their home markets, they need to finally figure out a way to tap into this massive market.
For More:
- Read about BT's venture in the U.K.'s Telegraph