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Agreement signed with virtual network operators

China's three basic telecom operators signed an agreement on Thursday with six virtual network operators that covers the introduction of a dynamic price adjustment mechanism for the mobile telecom resale business. The pact, signed at the China Virtual Carrier Industry Conference, means that China Mobile Ltd, China Telecom Corp Ltd and China Unicom Ltd will adjust the wholesale prices of mobile telecom services they sell to VNOs whenever they adjust rates for their own mobile telecom services.

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