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Senior management exchange hints 3G progressBy Tu Lei (chinadaily.com.cn)Updated: 2007-07-09 15:32 China Telecom declared last Friday that its executive vice president Huang Wenlin has resigned from the position to work for China Mobile, according to today's Shanghai Securities News. He will be replaced by Zhang Chenshuang, executive director and vice president of China Mobile, from today, said the news.
Zhang joined the board of directors of the company in July 2004. With abundant experience on mobile internet business, he will be helpful for the development of this field for China Telecom, said unnamed analysts. China's major four operators -- China Netcom, China Telecom, China Mobile and China Unicom -- have started training 3G talents, constituting a war chest and making technological preparations for a smooth transition from the existing mobile telecom networks or PHS networks to 3G. China Telecom believes it will finally get approval for a 3G license.
Meanwhile, the first batch of eligible red chips such as China Mobile and CNOOC are expected to be listed on the A-share market, which may serve as another background for the transfer, said the analysts.
China Telecom Chairman Wang Xiaochu revealed this May that China Telecom has no recent plans on A-share listing. (For more biz stories, please visit Industry Updates) |
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