(Reporter Xue Song) yesterday, the South China Netcom Group conference call to China Netcom Group in the southern province of fusion and the establishment of 21 international companies and other issues,UGG shoes, put forward specific demands. Reporter learned from relevant sources, China Netcom Group intends to future business in accordance with the North, South and the international business division, set up three companies, and for years to achieve the listing.
Netcom Group is currently under the jurisdiction of the three companies, China Netcom Group, the company's restructuring in the North is progressing smoothly .7 15, held in Beijing, China Netcom Group restructuring in North fusion forum, decided to Netcom holding in the northern area of business will be with the original ten provinces in northern China Telecom's business and the business together into the future Jitong Netcom North Corporation. on Netcom Holdings integration of the north branch of ten provinces, it is the way to the transition period, the 10 northern provinces branches from the network, business, personnel, assets, organizational integration of all aspects of the entire local communications company, mutatis mutandis, as the transition period around the communications subsidiary management, integration of the transition period ended December 31, 2003.
companies in 21 provinces in the south, China Netcom Holdings and communications companies around the integration becomes more complex. According to last year issued 171 Netcom Group document content, the South by the Group of 15 provinces is responsible for development, to expand China Netcom holding only 5 provinces and one city alone. So in less than a year's time, the company rapidly south of 15 provinces in the south was established six provincial communications company and two regional-level communications company, every company with a registered capital of 5 billion yuan.
Tian charge of the South and the international
the Netcom holding in each province in the south do not have branches, and its asset size and Communications varies, the options than to be complex Communications and Jitong, which is the CNC has not released the cause of integration programs, but the China Netcom Group in a conference call yesterday, clearly stated: Netcom Communications Holdings to deal with the local relationship exchange transactions, to prepare for future integration.
revealed from within the message Netcom: Southern Tian and international companies to be in command. timetable was set up from the point of view, the international company will be the first to set up, listing scheduled October 1 this year. And Northern Corporation and Southern Company will be set up later, the time will be January 1 next year.
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