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It seems consolidation of the Chinese telecom industry has started with China Mobile Group (China Mobile’s parent company) announcing that it is acquiring nationwide fixed-line peer China Railcom. And while the company will continue to operate as an independent business, China Mobile’s Chairman Wang Jianzhou will head the combined company.
Naturally, as soon as word about acquisition has hit streets, shares of China Unicom — China’s other mobile operators — jumped 11-12 percent before they were suspended from trade. Additionally, shares of fixed-line operators China Netcom and China Telecom rose 12 and 7 percent, respectively.
According to media reports, future deals are imminent, and are expected to include the merger of China Netcom and China Unicom.
[Via: Reuters]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
