There was an increasing number of complaints from consumers about the Chinese telecommunications industry in the third quarter, mainly about broadband and mobile Internet services, the Ministry of Industry and Information Technology, the industry regulator, said yesterday.
These were due, in part, to industry reorganization, which began in June. Under the reorganization, China Mobile acquired China [...]
An insider at China Tietong, which recently merged with China Mobile (NYSE: CHL; 0941.HK), has revealed that China Mobile is conducting a review of Tietong assets. The review is expected to be completed by the end of the year at the earliest. At the same time, management staff responsible for China Tietong’s commercial public network [...]
China United Telecommunications Corp. (China Unicom), a state-owned mobile operator in the country, denied earlier reports that it will sell Apple Inc’s new 3G version iPhone in mainland China in August.
“We do not hear about any Apple’s 3G iPhone sales deal between China Unicom and Apple. There is no concrete contact between both sides at [...]
Revenues, employees, customersâ€â€it is the largest industrial reorganisation ever. And, reflecting how business is done in China, it was announced in the most modest way, with a posting on a government website on May 24th. The country’s telecoms industry, with nearly 600m mobile subscribers, 360m fixed-line customers and $244 billion in revenue, will be reconfigured. [...]
China is expected to announce personnel changes at the four main telecom operators today, likely signalling further action on a long-awaited industry restructuring, portals Sina.com and Sohu.com both reported.
According to the reports, Wang Jianzhou, China Mobile’s chairman and president, will remain in place while Zhang Chunjiang, general manager of China Netcom, will be named vice [...]
China Netcom Group Corp., the nation’s second-largest fixed-line telephone company, posted an unexpected increase in full-year profit after signing up more Internet customers.
Net income last year rose to 10.58 billion yuan ($1.5 billion), from 10.55 billion yuan, in 2006, the Hong Kong-listed company said today. Sales gained to 82.5 billion yuan from a restated 81.8 [...]
