China Unicom(SH:600050) Jin Rong Jie·2025-09-08 07:39Core Insights - The Ministry of Industry and Information Technology (MIIT) has issued a satellite mobile communication business license to China Unicom, marking a significant step towards commercial operation of satellite internet in China [1][2] - The MIIT aims to enhance competition and collaboration within the satellite mobile communication industry, promoting high-quality development and supporting national strategies for a strong digital and aerospace nation [1][4] Industry Developments - The MIIT's guidance suggests that by 2030, the satellite communication management system will be further improved, with over 10 million satellite communication users expected [4] - The rapid development of satellite internet in China is characterized by the integration of satellite and terrestrial communication technologies, which is anticipated to create new economic growth points [4] - The launch frequency of low Earth orbit satellites has significantly increased, with China Star Network successfully sending five groups of satellites into space within a short period, indicating a shift towards a more aggressive launch strategy [4] Competitive Landscape - The trend of mobile direct satellite connectivity is gaining traction, with both the U.S. and China making strides in this area [5][6] - SpaceX is actively working on deploying satellites that support mobile direct connectivity, with plans to launch a significant number of satellites by 2025 [5] - Chinese companies, including China Mobile and ZTE, are also advancing in mobile direct satellite technology, with successful tests and future plans for commercial services [5][6]