www.WirelessFederation.com/news: China Telecom has been allowed to apply for approval of an internet protocol television (IPTV) license to expand its IPTV trial by the State-owned Assets Supervision and Administration Commission (SARFT). The IPTV currently covers 10 cities.
IPTV licenses have already been awarded to eight companies including China Central Television, Shanghai Media Group, People’s Daily and Xinhua News Agency.
www.WirelessFederation.com/news: China Mobile Ltd, the world’s largest mobile carrier by subscribers has denied any plans of acquiring Tecent Holdings Ltd. According to their spokesperson, Rainie Lei, the recent media reports on China Mobile talking with Tencent were groundless.
The statement was made after a local internet portal cited that China mobile’s delegation led by company’s president Wang Jianzhou visited Tencent headquarters and the two sides held a discussion over the potential acquisition.
Tencent was established a decade ago and it led China’s instant messaging market with its average daily users crossing 137.5 million, informed the official Xinhua Agency in November.
In 2006, China Mobile launched its own instant messaging service, Fetion, in order to attract more subscribers to increase its revenue.
The ranking of Fetion scored to number three among instant message programs after Tencent and Microsoft Corp.’s MSN by the end of September according to a report.
HONG KONG, Aug. 17 (Xinhua) — China Mobile Communications Corporation (China Mobile) announced on Thursday that the number of the company’s subscribers increased by 25.77 million in the first half of 2006, bringing the total number to 274 million by June 30.
Wang Jianzhou, president of China Mobile, said at a press conference on Thursday that the company’s net profit in the first half of 2006 reached 30.17 billion yuan (3.78 billion U.S. dollars) , up 25.5 percent over last year’s same period. He said the interim dividend declared per share is 0.62 HK dollar, together with a special dividend of 0.09 HK dollar. Looking ahead, Wang said, the company will promote development of mobile telephone in rural areas and value added service, and make preparations for the 3G market planning and operation. He said the company will strengthen marketing and try to bring more long-term profit to its investors.
China Mobile is the No.2 stock of the Hang Seng Index of the Hong Kong stock market in terms of market capitalization.
Source- http://news.xinhuanet.com
Technorati : China, China Mobile, Mobile
Ice Rocket : China, China Mobile, Mobile
