China will unveil its third major telecommunications carrier on Thursday, a move analysts say will heat up competition in the booming sector and catapult Internet speeds to levels ahead of much of the world. China Netcom Corp (CNC) is building a 20-gigabyte Internet backbone which will reach 15 Chinese cities by the end of next July, company chief executive Edward Tian said. "It'll be one of the highest-speed backbones in the world," Tian told Reuters. -- Matt Pottinger
See also: ZDNN's Internet section.