Global Telecom Center Set up in Beijing
A Global Telecommunication Center has been set up in Beijing by Ernst & Young, one of the big four accounting firms in the world, with the aim to power the expected restructuring of the China’s telecommunications sector and surging mergers and acquisitions.
The center will gather Ernst & Young’s global telecom resources to enlarge the scope of its client service skills and to provide up-to-date solutions on critical issues and latest trends facing the sector. It plans to provide Chinese telecom operators with services including auditing, risk control, tax, financial transactions, advisory, finance and operations and serve as the hub for the country’s increasing demand of the telecommunication industry.
“There’s an increasing demand for accounting services from Chinese telecommunication operators which are to be restructured and are seeking overseas expansion,” said Vincent de la Bachelerie, leader of Ernst & Young Global Telecommunications Industry, expressing his optimism about the Chinese telecom outlook.
“The telecommunications industry is a key sector for Ernst & Young, and it is important for us to strategically align our services in the Chinese market, where we are witnessing significant growth and change,” said Jonathan Dharmapalan, head of the Global Telecommunications Center.
Popularity: 2% [?]
For any business-minded person, China is a newly-emerging market that can by no means be overlooked. Many industry leaders, like Ernst & Young, around the globe have set ambitious goals for their businesses in the country. It is of no surprise why China enjoys so much popularity among foreign companies.