Telecom Monopoly Set to Split

The break-up of China's largest fixed-line operator China Telecom by the State Council signals further reforms in China's telecommunications industry as the country formally entered the World Trade Organization yesterday.

"The announcement came at a special time and may be a signal of further opening up to the world," said Renee Gamble, a senior telecom analyst with the worldwide IT research firm International Data Corporation (IDC) Asia-Pacific.

"Chinese telecom operators have been keen on listing overseas, and the split will enhance their competitiveness and make them more attractive to foreign investors," she added.

A spokesman for the Ministry of Information Industry (MII) confirmed yesterday that the State Council had approved the split up of China Telecom and that MII is authorized to execute the plan.

China Telecom will be split into two companies by regions.

The assets of the present China Telecom in North China's Beijing and Tianjin municipalities, the Inner Mongolia Autonomous Region and Hebei and Shanxi provinces, Northeast China's Liaoning, Jilin and Heilongjiang provinces, Central China's Henan Province and East China's Shandong Province will merge with China Netcom Co Ltd and China Jitong Network Communications Co Ltd.

The new company will be named China Netcom Group Corp.

China Telecom's assets in the other 21 provinces, municipalities and autonomous regions will retain the brand name and intangible assets of the old China Telecom.

Both companies are allowed to build a local telephone network and operate local fixed-line services, and each should provide equal and fair interconnection to the other, the break-up plan dictates.

The new China Netcom will inherit 30 percent of the old China Telecom's national backbone network, with the rest going to the new China Telecom.

The restructuring is aimed at sharpening the competitive edge of the two operators and curbing the profit declines.

"There will be tough competition between the two companies, so new services will be very important to them," Gamble said.

She also pointed out that since both companies can build networks and operate in each other's areas, they will also set an example for the interconnection of all telecom operators. That has been a major headache for smaller companies such as China Railcom.

Gamble predicted the restructure would also solve a major obstacle for the listings of both companies. Yet given the complexity of the implementation of the break-up, their listing might not be possible for at least a year, she said.

The final approval for the split also brings good news to telecom equipment makers, as the delay of the break-up of China Telecom has made some operators postpone progress of infrastructure construction.

The present China Telecom had about 140 million subscribers, 157 billion yuan (US$19 billion) in revenue.

(China Daily December 12, 2001)


In This Series

Split of China Telecom Reported

New Deal Breaks Telecom Monopoly

China Telecom Faces Further Reform

References

Reform Focuses on Removing Monopoly

Monopoly Industries to Be Restructured

China Considering Reform of Monopoly Industries: Zhu

Break down Monopoly for a Fairer Market

Anti-Monopoly Campaign Starts

Nation to Break up Monopolies

China to Break More Monopolies

Archive

Web Link

主站蜘蛛池模板: 精品视频一区在线观看| 337p人体大胆扒开下部| 色妞妞www精品视频| 国产精品久久久久鬼色| 久9久9精品免费观看| 机机对机机30分钟无遮挡的软件免费大全 | 小东西几天没做怎么这么多水 | 在线天堂bt种子| www.henhenai| 日韩经典欧美一区二区三区| 免费看特黄特黄欧美大片| 色屁屁www影院免费观看视频| 国产思思99re99在线观看| kk4kk免费视频毛片| 成人无遮挡裸免费视频在线观看| 亚洲人成色77777| 精品一区二区三区在线视频| 国产成人精品一区二区三在线观看 | 色哟哟www网站| 国产乱子经典视频在线观看| 91大神在线观看视频| 天天av天天翘天天综合网| 一区二区三区在线免费看| 日韩在线观看网址| 亚洲av无码一区二区三区性色| 看一级毛片免费观看视频| 国产成人a人亚洲精品无码| 波多野结衣99| 大学生一级毛片免费看**| 一区二区视频在线播放| 性色a∨精品高清在线观看| 中文字幕在线播放| 扒开粉嫩的小缝开始亲吻男女| 久久中文字幕无码专区| 日本中文在线视频| 久久久精品午夜免费不卡| 欧美国产日韩a在线视频| 亚洲日本韩国在线| 欧美精品第1页在线播放| 免费福利在线播放| 精品伊人久久香线蕉|