Zuo Xun claimed the China Netcom brand disappear unfortunately
Unicom and Unicom recently published 08 Interim results announcement in the same period, first half of this year, China Unicom’s net profit of $ 3.77 billion yuan, an increase of 107.1%; China Netcom’s net profit rose eight to 11.9% million.
Zuo Xun, China Netcom’s Chairman, says he personally lamented and Unicom merged Netcom brand will disappear, but also understand the need to pay for restructuring costs. He also stressed that the merger would not involve layoffs.
Unicom, China Netcom performance “float red”
Bulletin shows that Unicom received revenue of $ 35.14 billion yuan in the first half, increase of 4% from the previous year, profit $ 4.42 billion.
Netcom also announced, revenues 41.125 billion yuan in the first half, with an innovative business that is was 16.48 billion yuan, an increase of 26.2%, 40.6% per cent of total income. netcom broadband users increased 3.587 million households in the first half, total number of users reached 23.355 million, broadband service revenue total revenue share to 21.8%.
Despite Unicom, and Netcom of performance are implementation has growth, but its competition opponent move of performance is more highlight. July, move added user 7.11 million households, in added market, move has accounted for to close to 87% of market share. on this, China Unicom Chairman and CEO Chang Xiaobing in Hong Kong attended performance Conference Shi confirmed, operators has participation Government Organization of does not symmetric control measures discussion, involved of price and the market share problem are in research among, but does not know policy when introduced.
Unicom launch next year of 3G service
Earlier attended Netcom performance Conference of China Netcom Chairman and, Chief Executive of Zuo Xun health on future competition pattern another has confidence, he said, if can get WCDMA licence, is expected Yu 2010-2012, Unicom may accounted for mainland 3G market of one-third. this month 14th, Unicom announced has its scale huge of “100 billion wireless network upgrade” plans, Chang Xiaobing said, Unicom of target is in 2009 launched 3G service, two years Hou began implementation profit.
As the industry is very concerned about the leadership of both parties after the merger candidates, Zuo Xun revealed that in addition to confirm Chang Xiaobing would serve as a merged Unicom’s Chairman and Chief Executive Officer other than other posts, including his role, still in the negotiation. with regard to company Executive candidates at the provincial level, he did not mention.