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China Telecom Mulls Entry Into US Telecoms Market
hackingbear excerpts from a story at Engadget: "Instead of resting on its laurels as China's third-largest wireless provider, China Telecom is now looking to branch out into relatively uncharted waters — namely, the U.S. consumer market. ... The proposed service would provide customers with handsets that could be used in both China and the U.S., theoretically appealing to Chinese-Americans, students or businessmen who travel frequently between the two countries ... and would even consider purchasing or constructing its own network in the States,' with the 'capacity to spend 'hundreds of millions or billions' on stateside acquisitions.' At its home turf, despite being a state-owned company, China Telecom, along with China Unicom, is being investigated over alleged monopolistic practices by the Chinese government. The two companies would face penalties of up to 10 percent of their annual business revenues if they were found guilty of monopolistic practices. This is the first such investigation into China's large enterprises since the Anti-Monopoly Law came into effect in 2008."
I'm Mao Tse-Tung, and I approve this message.
"That's the way to do it" - Punch
Well if you can't conquer them, buy them out. It always works.
Go China, maybe US customers will have a hint of good competition in the market place for once.
At its home turf, despite being a state-owned company, China Telecom, along with China Unicom, is being investigated over alleged monopolistic practices by the Chinese government.
Sounds like it would fit right in here.
The two companies would face penalties of up to 10 percent of their annual business revenues if they were found guilty of monopolistic practices.
Wait, they might actually get punished? Never mind then, won't fit into the U.S. market.
I was going to say something about not trusting a Chinese-government-owned telecoms company, but then I realized who their competition is.
Move to China ... wish granted.