Rumor: China Netcom Sold More Assets To Parent Company

January 9, 2007 | Print | Email Email | Comments | Category: Telecom & Wireless



    China Netcom Group Corporation (Hong Kong) Limited, a listed company of China Netcom (CN), is reported to have separated its underperforming network assets in Guangdong and Shanghai and handed them over to its parent company China Netcom Group so that they do not affect its overall performance as a listed company.

    Local media reports that the main reason for China Netcom to peel off the assets in the two regions is that the excessive fixed asset investment that it has made in its expansion in the southern China market has encumbered its overall performance.

    At present, China Netcom's main assets lie in northern China. While in the southern part of the country, its market share is far lower than that of its competitor China Telecom, and its businesses in Shanghai and Guangdong are operating at a loss.

    China Netcom has not responded to the these reports or rumors.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • China Netcom Plans CNY$30 Billion Purchase
  • China Netcom Sells CNY20 Billion Industrial Assets
  • Parent Companies Of China Unicom, China Netcom Will Merge In January 2009
  • TCL Multimedia To Sell Non-TV Assets
  • Sichuan Changhong To Exchange Assets With Its Parent Company
  • China Unicom To Buy Mobile Ops?
  • China Telecom To Acquire Parent Company Assets
  • Beijing Netcom Signs Olympic Media Transmission Deal
  • China Mobile Hong Kong To Rent TD-SCDMA Network From Parent Company
  • China Netcom Sheds Hotel Assets



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR