Word: telecoms
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...charges. Then, two years ago, Jiang quelled a corruption investigation when it threatened to implicate his own Beijing party chief. Neither Jiang nor his family members have been linked to corruption cases, but his sons have such extensive business ties?the elder, Mianheng, is the kingpin of Shanghai's telecom industry?that they would be vulnerable targets for trumped-up charges without their father's protection...
...Internet?seeding the market for homegrown Japanese technology and boosting the country's status as an info-age innovator. "With DoCoMo and i-mode, you've got a global brand recognition and excitement over a new product that you haven't seen since the Sony Walkman," says Kirk Boodry, telecom analyst for Dresdner Kleinwort Wasserstein in Tokyo. "The whole business community can point to it and say that Japan is still competitive on a global scale...
...about telecoms? The German Economics Ministry is blocking access to the highly lucrative local market (as opposed to the ultra-competitive long-distance market), where Deutsche Telekom holds a virtual monopoly. It is now cheaper to call New York from Berlin than to make a local call in the German capital during peak hours. Hence, watch for the next row with Brussels - over Europe-wide regulations that would open up the telecom industry's "last mile," the one to your home...
...Some telecom companies are getting a second look, partly because more than a few use Arthur Andersen, Enron's auditor, but also because many achieved their once spectacular growth partly by immediately recognizing revenue from long-term contracts, analysts say. Qwest has received the most attention because its merger with US West opened the door to other accounting issues. Qwest has denied that it did anything wrong. "Think about a bottle of wine," former SEC chairman Arthur Levitt said in a speech two years ago. "You wouldn't pop the cork on that wine before it was ready. But some...
FORTUNE's Global 500 is a barren place for Chinese companies. The lowest-ranked firms on the list book $10.3 billion in revenues, and only a handful of mainland companies in banking, telecom, oil and chemicals make the cut. No Chinese manufacturer of consumer goods qualifies. But an upstart called Haier plans to be there soon...