4/9/2008, according to local media, chairman and CEO of China Telecom，Mr. Wang, xiaochu talked about the possible shuffle of China telecom service providers in a recent meeting.
Wang told the media that they still didn’t know if they would buy the CDMA network of China Unicom. But he thought that China Telecom would use 3 or 4 month to finish the reorganization. Also they can provide wireless service in 3 months.
Wang also said they would consider to issue new debt or new A share to satisfy the financial request. By now China Telecom only has 30.8% debt capital ratio which provide big room for them to issue new debt.
Wang also pointed out that they would use different service to compete with China mobile. They would use their advantage of fixed network. By today, China Telecom has 8million WiFi user. To merge this WiFi network with future mobile service, China Telecom are sure to bring better service to their customers.Even without this shuffle, Wang still thinks that the transformation of China Telecom can keep their growth. Last year, although traditional voice service went down 9.6billion RMB, but there is 14.3billion RMB increase on non-voice business. China Telecom still has big increasing capability on broadband service.
Wang told the media that they still didn’t know if they would buy the CDMA network of China Unicom. But he thought that China Telecom would use 3 or 4 month to finish the reorganization. Also they can provide wireless service in 3 months.
Wang also said they would consider to issue new debt or new A share to satisfy the financial request. By now China Telecom only has 30.8% debt capital ratio which provide big room for them to issue new debt.
Wang also pointed out that they would use different service to compete with China mobile. They would use their advantage of fixed network. By today, China Telecom has 8million WiFi user. To merge this WiFi network with future mobile service, China Telecom are sure to bring better service to their customers.Even without this shuffle, Wang still thinks that the transformation of China Telecom can keep their growth. Last year, although traditional voice service went down 9.6billion RMB, but there is 14.3billion RMB increase on non-voice business. China Telecom still has big increasing capability on broadband service.
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