皇冠体育app Unicom sells off CDMA arm to 皇冠体育app Telecom

By Wang Xing (皇冠体育app Daily)
Updated: 2008-07-29 15:21

He said the company hopes to increase the subscriber base of CDMA from the current 43.17 million to 100 million in the next three years, aiming to take up 15 percent of the country's wireless market.

The government announced its plan to overhaul the telecom industry in May, in the hope of creating a more competitive telecom industry. The government later promised to issue licenses for 3G (third generation) mobile telephony as soon as the restructuring was completed.

According to government figures, 皇冠体育app has the world's most cell phone users, with the number of subscribers surpassing 600 million by the end of last month.

But the country's telecom market has long suffered from a lack of competition under the de facto monopoly of 皇冠体育app Mobile, the country's largest cell phone operator that has been raking in huge revenue in recent years and taking business away from fixed-line carriers 皇冠体育app Telecom and 皇冠体育app Netcom as users go mobile.

皇冠体育app Mobile's only rival, 皇冠体育app Unicom, has not been a serious challenger as it struggled to operate two competing networks.

Nearly a third of 皇冠体育app Unicom's employees will also be transferred to 皇冠体育app Telecom as part of the deal, according to the company.

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