It was Huo Xing calling on behalf of Minister Huo.
Upon seeing the caller ID, Zhao Ye quickly pressed the answer button.
"Hello, Minister Huo, regarding my suggestion last time that Wujiang Group become an ISP internet operator, has a result been reached in the discussion?"
Huo Xingwei smiled and nodded, saying, "Hello, Zhao Ye, there is indeed news. However, the country has not agreed to allow Wujiang Group to monopolize ISPs. Instead, Wujiang and the country will jointly invest in establishing an ISP company, each holding 50% of the shares. The company can be handed over to Wujiang Group for operation, but the country will send people to supervise and manage it!"
Upon hearing this, Zhao Ye immediately smiled. This was exactly the result he wanted. The reason he proposed the monopoly was to allow for compromise and to involve the state.
Zhao Ye wants to develop the entire telecommunications industry. With only the background of Wujiang Group, it will probably be difficult to get through. However, after establishing a joint venture with the state to become an ISP internet operator, he will have the opportunity to get involved in mobile communications in the future.
China Telecom started as a simple ISP, but later, with the expansion of its business, it developed into a full-service operator.
Zhao Ye then said to Minister Huo Xingwei, "Minister Huo, I agree with the country's decision. Let's establish a joint venture, with each party holding 50% of the shares. I think the new company should be called China Telecom!"
Good heavens, really good heavens! Zhao Ye directly snatched the name of China Telecom, since the other party hadn't been established yet, and probably wouldn't be established at all.
Wujiang Group is a joint venture with the state to run an ISP, so there's no need for China Telecom.
So let's be straightforward and just call the joint venture China Telecom.
Minister Huo Xingwei nodded and said, "Okay, no problem, let's use this name."
There are no special requirements regarding the name.
China Telecom is indeed a good name.
Upon hearing this, Zhao Ye couldn't help but reveal a meaningful smile.
"Minister Huo, now that it's decided, our first priority is to build the internet backbone network. I've already arranged for people to plan the route, and we'll start construction immediately once the fiber optic cable development is successful!"
"Okay, no problem!"
Zhao Ye has reached a cooperation agreement with the government; specific details will be discussed by more professional personnel.
With the government's involvement, everything will proceed smoothly, and no one will hinder the construction of the internet backbone.
It's important to understand that building an internet backbone involves a wide range of issues, especially land, which Wujiang Group alone cannot handle.
At this moment, Zhao Ye couldn't help but feel excited, imagining how the domestic internet would develop and lead the global internet wave, ushering in the era of portal websites and e-commerce. That scene was truly unforgettable.
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