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Monday, June 02, 2008 

Mobile Market on China

MocoNews reported today that China Unicom is buying China Netcom for US$ 56.3 billion in a stock swap. The expectation is that the deal will be closed by the end of the year.
Another news in China market is the purchase of China Unicom's CDMA unit by China Telecom for US$ 15.9 billion.

A little explanation about China market before today's news:
* There are two nation-wide fixed-line operators: China Telecom and China Netcom.
* There are also two major mobile carriers: China Mobile (GSM) and China Unicom (GSM and CDMA).

After finishing the acquisitions, we'll have:

- China Telecom on fixed-line and CDMA mobile network;
- China Netcom/Unicom on fixed-line and GSM mobile network;
- China Mobile on GSM mobile network.

Just remembering that even after this changes, China Mobile is the world's largest mobile carriers with more than 380 million customers.

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Pedro "K2" Macêdo

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