China Mobile on Thursday released its acquisition plan of China Railway Communication, which would become the former's wholly-owned subsidiary but maintain independent operation.
The announcement confirmed a long-expected industry reshuffle involving another two smaller telecom service providers namely China Unicom and China Netcom.
In an adjustment to the management of China Mobile, former general manager Zhang Chunjiang of China Netcom assumes the deputy general manager's duty of the world's biggest mobile telephone operator, and leads the company's Party branch.
Wang Jianzhou will remain to be the general manager but serve as the deputy chief of the Party branch.
While all other deputy general managers retain their duties, Zhao Jibin from China Railway Telecom, Li Zhengmao from China Unicom and Zhang Xiaotie from China Netcom have also be appointed as the deputy general managers and members of the Party branch.
The reshuffle does not concern China Mobile Ltd.
Actually, this game of executive musical chairs, the acquisition of China Tietong, and the possible emergence of a real mobile competitor (or two) all concern China Mobile Ltd. and its shareholders very much.
The drop in fixed-line subscribers has slowed down somewhat since January 2008 and after a nosedive in December 2007. China Telecom reported a net loss of 1.02 million subscribers, down from 1.22 million last month. China Netcom reported a net loss of 450,000 subs, down from 765,000 in the previous month.
The drop in fixed-line subscribers has slowed down somewhat after a nosedive in December 2007, with China Telecom reporting a net loss of 1.22 million subscribers and China Netcom a total of 765,000.
China's decline in fixed-line subscribers accelerated in December with a net loss of over 4 million subs. China Telecom reported a loss of 1.48 million and China Netcom a drop of 2.53 million. This brings the overall fixed-line subscriber loss in 2007 to 7.25 million.
