国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Telecom industry reorganization

(China Daily)
Updated: 2008-07-07 17:12

Hurdles

The overhaul folds China's carriers into three giant full-service companies and will grant each a license to operate third-generation mobile services.

China guards its telecom sector zealously, banning foreign firms from owning any operator. Most industry experts don't expect Beijing to change its policy anytime soon.

Seven years after Beijing joined the World Trade Organization, foreign strategic investors have been confined to small stakes in the largest operators: Vodafone's 3.3 percent of China Mobile and SK Telecom's 6.6 percent of Unicom.

AT&T has a venture with Shanghai Telecom, but it can only operate intra-office networks for firms based in Shanghai.

Chinese carriers, for their part, are keen to secure foreign partnerships. But their focus for now is to ensure the industry revamp goes smoothly, before looking further afield.

The spotlight has fallen on China Telecom, which will pay more than $15 billion for wireless peer Unicom's CDMA (code division multiple access) network, which only broke even in 2006 after years of losses and is just a third the size of Unicom's GSM-standard network.

Up to five companies, including one from the United States, have approached China Telecom, a source within the Chinese company's management told Reuters. But absorbing and integrating Unicom's CDMA network is Telecom's first priority for now, the source added.

"The soonest that we can begin to talk to foreign firms is probably the fourth quarter. We haven't even begun hiring financial advisers," said the source, who declined to be named because of the issue's sensitivity.

   Previous page 1 2 3 Next Page  

   Previous page 1 2 3 Next Page