China has asked the nation’s six telecommunication operators to merge their assets to form three conglomerates, part of an industry overhaul to boost competitiveness in the world’s largest telephone market.
China Mobile Communications Corp (中國移動通訊) will take control of fixed-line operator China Tietong Telecommunications Corp (中國鐵通集團), the Ministry of Industry and Information said in a statement on its Web site yesterday.
China Telecom Corp (中國電信), the nation’s biggest fixed-line operator, will gain cellphone assets.
The overhaul will boost earnings for fixed-line companies China Telecom and China Netcom Group Corp (中國網通), which have lost users to the faster-growing mobile market. The reorganization will also increase competition for China Mobile, whose subscribers make up about two-thirds of the country’s total.
Chinese regulators are aiming to provide capital resources to the restructured companies to prepare them for third-generation (3G), high-speed wireless technology that allows faster video and Internet downloads. China Mobile and its rivals need to invest billions of dollars on infrastructure, equipment and handsets for the 3G networks.
Under the proposed plan, China Telecom will acquire a wireless network based on the CDMA, or code division multiple access, from China United Telecommunications Corp (中國聯通), the statement said. China United controls China Unicom Ltd, the smaller operator of the nation’s two cellphone networks.
Unicom’s larger GSM mobile network will merge with the parent of China Netcom, the smaller of the country’s fixed-line carriers, the statement said.
Taiwan Transport and Storage Corp (TTS, 台灣通運倉儲) yesterday unveiled its first electric tractor unit — manufactured by Volvo Trucks — in a ceremony in Taipei, and said the unit would soon be used to transport cement produced by Taiwan Cement Corp (TCC, 台灣水泥). Both TTS and TCC belong to TCC International Holdings Ltd (台泥國際集團). With the electric tractor unit, the Taipei-based cement firm would become the first in Taiwan to use electric vehicles to transport construction materials. TTS chairman Koo Kung-yi (辜公怡), Volvo Trucks vice president of sales and marketing Johan Selven, TCC president Roman Cheng (程耀輝) and Taikoo Motors Group
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