China Telecom joins ZTE to deploy green 3G network
www.WirelessFederation.com/news: China Unicom joined hands with ZTE Corporation for the deployment of a green 3G network utilizing only those commercial base station equipment that are eco-friendly and energy-saving.
The station is in the Great Meisha area of Shenzhen in China and provides flexible configurations to cater to the needs of various outdoor environments operators.The solar energy-based, integrated solution also provides high energy-conversion efficiency with stable and reliable power supply.
The green 3G base station of ZTE relies on wind and solar energy for operation and this green solution reaches 100 per cent energy-savings capabilities. It helps China Unicom save cost to further lower its TCO as the remote control features of the solution requires no on-site manpower support.
According to Xu Ming, vice president, ZTE, the company is committed to environmental protection and devote enormous resources to develop innovative green products and is pleased to work with China Telecom.
China Unicom to invest in Tibet’s telecom sector
www.WirelessFederation.com/news: The third-largest Chinese wireless carrier, China Unicom, signed five-year pact with the government of Tibet to build telecommunication infrastructure in Tibet. The company will spend about RMB1.8 billion (US$264 million) to develop telecom infrastructure, E-government business, information infrastructure of small businesses and rural areas.
Besides, China Unicom’s peers China Mobile and China Telecom have already launched their respective 3G network in the Tibet Autonomous Region in May 2009. Both the companies earlier announced to allocate US$740 million and US$366 million, respectively, to support Tibet’s economic and communication infrastructure development.
Tibet is undergoing a rapid growth in its telecommunication sector. The sector recorded an 18 percent growth in the first nine months of year 2009. The broadband penetration in Tibet of all administrative villages is 40% and efforts are underway to cover 60% of the total villages in the region by 2011. However, the telecom infrastructure and coverage is still said to be below average in Tibet.
China Unicom buying back 3.8% stake held by SK Telecom.
China Unicom Ltd is to buy back a 3.8 percent stake held by SK Telecom for about US$1.29 billion.
According to China Unicom, SK telecom will sell it back 899.75 million shares it holds in China Unicom.
“After the share repurchase, China Unicom will be pleased to maintain the sound cooperation partnership with SKT,” China Unicom Chairman Chang Xiaobing said in a statement.
The repurchased shares will be cancelled and the total shares of China Unicom will be reduced from 23.768 billion to about 22.868 billion. (USD= 7.75 HKD)
iPhone arrives in Korea. SKT and KT Corp discussing potential partnerships with Apple.
South Korea’s telecommunications regulator has given the green flag to apple to launch the iPhone in Korea.
The Korea Communications Commission made an exception to a rule that requires cellphones sold in the country to use domestic technology for location-based services. The commission’s action comes after months of consumer pressure.
This move is likely to create a stir among the dominant domestic manufacturers – Samsung and LG.
This development comes a month after Apple managed to clear its entry in China too. China Unicom, Apple’s partner in China will start selling the iPhone in the fourth quarter.
Lauren Kim, a spokesperson for SK Telecom Co. and Yeom Woo-jong, a spokesperson for KT Corp both admitted to being in discussion with Apple.
China Unicom & Spain Telefonica ink $1 Bn strategic alliance agreement
www.WirelessFederation.com/news: China Unicom, one of the leading mobile operators in China, has reportedly inked a strategic alliance agreement with Spain Telefonica. Under the agreement, the two firms will exchange US$1 billion in shares. Telefonica will buy 693.91 million new shares in China Unicom at HK$11.17 each, while China Unicom will buy 40.73 million shares of Telefonica at EUR 17.38 a share.
After the transaction is made, China Unicom’s shareholding in Telefonica will reach 0.88%, while Telefonica’s shareholding in China Unicom will increase to approximately 8% from 5.38%.
Chang Xiaobing, Chairman of China Unicom, said the partnership will improve the company’s ability to provide telecom and information services and maximize shareholders’ returns.
ICEA Cuts China Mobile To Neutral,HK$55.8 Tgt
0939 [Dow Jones] STOCK CALL: ICEA lowers China Mobile (0941.HK) to Neutral from Accumulate, with HK$55.80 target, translates into 15.8x 2007F P/E, on limited upside potential, as ups earnings estimates slightly on better-than-expected 1H results. Says major rival China Unicom (0726.HK, Neutral) cut its capex for improving its capacity, quality; China Mobile grew its market share, its subscribers in 1H. Notes, “key uncertainty over China’s telecom sector will be removed once China issues the long-awaited 3G licenses.” which likely to intensify competition. But company’s “dominant market share and strong presence in China will make any adverse impact resulting from intensifying competition short-lived, in our opinion.” Stock +0.3% at HK$51.80, pre-open. (SYC)
Source- http://www.newratings.com
Technorati : 3G, China, China Mobile, China Unicom
Ice Rocket : 3G, China, China Mobile, China Unicom
