Word: unicom
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Dates: during 2000-2009
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...while it's clear that there will be some big winners from the tidal wave of cash being spent by China's carriers - China Mobile, China Telecom and China Unicom - it remains to be seen which of the mobile-service providers and equipment manufacturers will manage to grab the largest slice of the pie. Another issue that remains very much in the balance is the fate of Beijing's attempt to bolster the country's technological chops by force-feeding the industry a homegrown version of 3G. More broadly, critics say that the long delay in granting 3G licenses - widely...
...some 800,000 subscribers beginning last April as part of a trial rollout of the homegrown platform. But the service was plagued by complaints of dropped calls and poor reception, boding ill for its chances of competing against established, reliable standards operated by its two smaller rivals, China Unicom and China Telecom. BDA projects China Mobile's share of subscribers will plunge by 9% over the next four years, primarily because of its 3G handicap...
...investment banker. Since then, Zhu, 42, has made himself very, very useful to the Chinese economy. Morgan Stanley has raised $20 billion for Chinese companies, mainly through initial public offerings of stock, and Zhu has been involved in nearly all of them, including mobile-phone-service provider China Unicom, Ping An Insurance and oil giant Sinopec. Zhu has an additional $10 billion in deals in the pipeline. He also hooked up France's Thomson with Chinese electronics company TCL?a deal that in 2004 created the world's largest television maker after it merged both companies' TV-manufacturing businesses under...
...investment banker. Since then, Zhu, 42, has made himself very, very useful to the Chinese economy. Morgan Stanley has raised $20 billion for Chinese companies, mainly through initial public offerings of stock, and Zhu has been involved in nearly all of them, including mobile-phone-service provider China Unicom, Ping An Insurance and oil giant Sinopec. Zhu has an additional $10 billion in deals in the pipeline. He also hooked up France's Thomson with Chinese electronics company TCL--a deal that in 2004 created the world's largest television maker after it merged both companies' TV-manufacturing businesses under...
...less-receptive consumer add another complication: cut-throat competition. In an effort to grab market share, China Mobile and China Unicom are already circumventing government price regulations through handset subsidies and other backdoor give-backs. According to CSFB analysts, China Unicom even appears to be cannibalizing its existing customer base of GSM subscribers because of incentives designed to attract users to its new high-speed wireless network, based on a transmission technology called CDMA...