Types of external risks and internal risks existing in China telecom operators.

What I understand is that the external risk type of telecom operators is 1. Policy risk: Changes in policies and regulations may lead to business restriction or forced transformation. 2. Competitive risk: the market competition is fierce, other operators join, or new services/technologies compete. 3. Macroeconomic environmental risks: Policy adjustment or deterioration of the economic situation may affect the company's business. Internal risk type of telecom operators: 1. Operational risk: poor management and market mistakes may lead to a decline in performance. 2. Technical risks: technical system problems, lagging technical upgrading and other problems may lead to a decline in service quality. 3. Financial risks: Problems such as fund management, asset-liability management and inadequate risk control may lead to financial risks.