UCLOUDLINK Receives Approval for Pilot Operations of Value-Added Telecoms Services from MIIT
UCLOUDLINK (NASDAQ: UCL) has received approval from China's Ministry of Industry and Information Technology (MIIT) for pilot operations of value-added telecommunications services. The company is among the first batch of 13 foreign-invested companies, alongside major corporations like Deutsche Telekom, Siemens, Airbus, and HSBC, to receive this authorization.
The approval enables UCLOUDLINK to provide value-added telecommunications services including internet access and information services in China. This development is expected to:
- Offer Chinese consumers more diverse telecom services and products
- Stimulate market vitality
- Enhance service quality and standards
- Better serve growing digital lifestyle needs
The approval represents MIIT's confidence in UCLOUDLINK's technological capabilities and business model, positioning the company for business expansion and portfolio enrichment in China's telecommunications market, which currently hosts over 2,400 foreign-invested enterprises.
UCLOUDLINK (NASDAQ: UCL) ha ricevuto l'approvazione dal Ministero dell'Industria e della Tecnologia dell'Informazione della Cina (MIIT) per le operazioni pilota dei servizi di telecomunicazioni a valore aggiunto. L'azienda è tra il primo gruppo di 13 società straniere, insieme a grandi corporation come Deutsche Telekom, Siemens, Airbus e HSBC, a ricevere questa autorizzazione.
L'approvazione consente a UCLOUDLINK di fornire servizi di telecomunicazioni a valore aggiunto inclusi l'accesso a internet e servizi informativi in Cina. Questo sviluppo è previsto per:
- Offrire ai consumatori cinesi servizi e prodotti telecom più diversificati
- Stimolare la vitalità del mercato
- Migliorare la qualità e gli standard dei servizi
- Servire meglio le crescenti esigenze di uno stile di vita digitale
L'approvazione rappresenta la fiducia del MIIT nelle capacità tecnologiche e nel modello di business di UCLOUDLINK, posizionando l'azienda per un'espansione commerciale e un arricchimento del portafoglio nel mercato delle telecomunicazioni cinese, che attualmente ospita oltre 2.400 imprese a capitale straniero.
UCLOUDLINK (NASDAQ: UCL) ha recibido la aprobación del Ministerio de Industria y Tecnología de la Información de China (MIIT) para operaciones piloto de servicios de telecomunicaciones de valor agregado. La empresa está entre el primer grupo de 13 compañías extranjeras, junto a grandes corporaciones como Deutsche Telekom, Siemens, Airbus y HSBC, en recibir esta autorización.
La aprobación permite a UCLOUDLINK ofrecer servicios de telecomunicaciones de valor agregado, incluidos el acceso a Internet y servicios de información en China. Se espera que este desarrollo:
- Ofrezca a los consumidores chinos servicios y productos de telecomunicaciones más diversos
- Estimule la vitalidad del mercado
- Mejore la calidad y los estándares de servicio
- Atienda mejor las crecientes necesidades del estilo de vida digital
La aprobación representa la confianza del MIIT en las capacidades tecnológicas y el modelo de negocio de UCLOUDLINK, posicionando a la empresa para la expansión comercial y el enriquecimiento de su portafolio en el mercado de telecomunicaciones de China, que actualmente alberga más de 2,400 empresas de inversión extranjera.
UCLOUDLINK (NASDAQ: UCL)는 중국 산업정보기술부(MIIT)로부터 부가가치 통신 서비스의 파일럿 운영에 대한 승인을 받았습니다. 이 회사는 Deutsche Telekom, Siemens, Airbus, HSBC와 같은 주요 기업들과 함께 승인받은 13개 외국 투자 기업의 첫 번째 그룹 중 하나입니다.
이 승인은 UCLOUDLINK이 중국에서 인터넷 접속 및 정보 서비스를 포함한 부가가치 통신 서비스를 제공할 수 있게 합니다. 이 발전은 다음과 같은 기대 효과가 있습니다:
- 중국 소비자에게 더 다양한 통신 서비스 및 제품 제공
- 시장 활력 자극
- 서비스 품질 및 기준 향상
- 증가하는 디지털 라이프스타일 요구에 더 잘 대응
이 승인은 MIIT가 UCLOUDLINK의 기술 능력과 비즈니스 모델에 대한 신뢰를 나타내며, 중국 통신 시장에서의 비즈니스 확장 및 포트폴리오 강화에 대한 회사의 위치를 확립합니다. 현재 중국에는 2,400개 이상의 외국 투자 기업이 있습니다.
UCLOUDLINK (NASDAQ: UCL) a reçu l'approbation du Ministère de l'Industrie et des Technologies de l'Information de Chine (MIIT) pour des opérations pilotes de services de télécommunications à valeur ajoutée. L'entreprise fait partie du premier groupe de 13 sociétés d'investissement étranger, aux côtés de grandes entreprises telles que Deutsche Telekom, Siemens, Airbus et HSBC, à recevoir cette autorisation.
Cette approbation permet à UCLOUDLINK de fournir des services de télécommunications à valeur ajoutée, y compris l'accès à Internet et des services d'information en Chine. Ce développement devrait :
- Offrir aux consommateurs chinois des services et produits de télécommunications plus diversifiés
- Stimuler la vitalité du marché
- Améliorer la qualité et les normes de service
- Mieux répondre aux besoins croissants d'un mode de vie numérique
Cette approbation représente la confiance du MIIT dans les capacités technologiques et le modèle commercial de UCLOUDLINK, positionnant l'entreprise pour une expansion commerciale et un enrichissement de son portefeuille sur le marché des télécommunications en Chine, qui accueille actuellement plus de 2 400 entreprises d'investissement étranger.
UCLOUDLINK (NASDAQ: UCL) hat die Genehmigung des Ministeriums für Industrie und Informationstechnologie Chinas (MIIT) für Pilotbetriebe von Mehrwert-Telekommunikationsdiensten erhalten. Das Unternehmen gehört zu den ersten 13 ausländischen Investitionsunternehmen, neben großen Konzernen wie Deutsche Telekom, Siemens, Airbus und HSBC, die diese Genehmigung erhalten haben.
Die Genehmigung ermöglicht es UCLOUDLINK, Mehrwert-Telekommunikationsdienste anzubieten, einschließlich Internetzugang und Informationsdienste in China. Diese Entwicklung wird voraussichtlich:
- Chinesischen Verbrauchern vielfältigere Telekommunikationsdienste und -produkte anbieten
- Die Marktdynamik anregen
- Die Servicequalität und -standards verbessern
- Die wachsenden Bedürfnisse eines digitalen Lebensstils besser bedienen
Die Genehmigung spiegelt das Vertrauen des MIIT in die technologischen Fähigkeiten und das Geschäftsmodell von UCLOUDLINK wider und positioniert das Unternehmen für Geschäftsausweitung und Portfolioerweiterung im chinesischen Telekommunikationsmarkt, der derzeit über 2.400 ausländisch investierte Unternehmen beherbergt.
- Received strategic MIIT approval for value-added telecoms services in China
- Selected among first batch of 13 foreign companies, indicating competitive advantage
- New authorization enables business expansion and portfolio diversification
- Access to China's vast telecommunications market
- None.
HONG KONG, March 07, 2025 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced that it was one of the first batch of 13 foreign-invested companies to receive approval for pilot operations of value-added telecommunications services by China’s Ministry of Industry and Information Technology (the “MIIT”). With the approval, UCLOUDLINK will be permitted to engage in value-added telecommunications services such as internet access and information services in China.
The 13 foreign-invested companies approved for this pilot program are predominantly affiliates of well-known multinational corporations, including Deutsche Telekom, Siemens, Airbus, and HSBC. Companies that received approval are expected to provide Chinese consumers with a more diverse range of telecom services and products to stimulate market vitality, enhance service quality and standards, and better meet the growing digital lifestyle needs of the Chinese public.
Mr. Chaohui Chen, Director and Chief Executive Officer of UCLOUDLINK, said, “Being included in the first batch of foreign-invested companies to receive approval from the MIIT underscores the MIIT’s confidence in our innovative technological capabilities and business model to service the growing digital lifestyle needs of the public - a direct reflection of our slogan, “Better Connection Empowers Better Life”. This approval will create significant opportunities for us to further expand our business lines and enrich our product portfolio. We will capitalize on this going forward by actively exploring new business models, developing value-added telecom services, and contribute to the industry’s high-quality development.”
As of the end of February 2025, China had over 2,400 foreign-invested telecommunications enterprises.
About UCLOUDLINK GROUP INC.
UCLOUDLINK is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.
For more information, please contact:
UCLOUDLINK GROUP INC.
Daniel Gao
Tel: +852-2180-6111
E-mail: ir@ucloudlink.com
Investor Relations:
Christensen Advisory
Christian Arnell, Managing Director
Tel: +852-2117-0861
E-mail: ucloudlink@christensencomms.com
FAQ
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