After years of rumors, the final picture of China telco re-org got announced today. It’s somewhat the same as the gossip inside the circle.
China Netcom(CNC) will be merged into China Unicom to be the new China Unicom. Meanwhile, The “C” and “G” networks of China Unicom will be splitted, while the “C” part will be merged into China Telecom. China Railcom (CRC) will be merged into China Mobile(CMCC).
The executives of the new companies are also mentioned:
- CMCC – Wang Jianzhou, Zhang Chunjiang(from CNC);
- CT – Wang Xiaochu, Shangbin(from CUC);
- CUC – Chang Xiaobing, Zuo Xunsheng(from CNC);
This re-grouping is interlocked with the 3G licenses. It’s said that the new CMCC will get TD-SCDMA, while new CUC will get WCDMA, and CT will get CDMA2000.
It’s interesting to watch back to what I summarized the evolvement of China telecommunication industry in the past 10 years.
This morning the great news is announced – Lenovo has a great fiscal year. Some financial detailed could be found at the official financial report. The below news report by Melinda Peer is also very worthy of your reading.
Slower consumer spending dampened sales of personal computers in the U.S., but Lenovo barely felt it thanks to higher shipments to emerging markets.
China’s largest personal computer maker said Thursday that fourth-quarter demand grew fastest in its Europe, Middle East and Africa region, where shipments jumped 30.0% in the fourth quarter. The segment offset weak demand in the U.S. where consumers have cut back on spending, which spells trouble for U.S. tech companies that haven’t fostered strong overseas growth.
Lenovo, which bought the personal computer division of IBM (nyse: IBM – news – people ) in 2005, reported sales of $1.3 billion in its core Chinese market, an increase of 18.0% from 2007′s fourth quarter. The country’s sales accounted for 34.0% of Lenovo’s fourth-quarter sales. Read more…
The death toll of China Sichuan(Wenchuan) earthquake has reached up to 51151, while 288431 wounded, and 29328 missed.
Along with the death toll is still increasing, yesterday, at some major BBS and forums, a story is quickly spreaded out about the abuse of earthquack relief materials – the camp. It’s said some earthquake camps were found at Chengdu city areas, which should not be covered by the relief. This news made people very angry.
The government authority promised to investigate this and back to the people with a fair and transparent result.
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