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."
Certainly more competition is good, especially in the mobile phone market where there's barely any.
But to trust a phone service from a country known for stifling free speech... I think you'd have to be a little crazy.
There's no -1 for "I don't get it."
Am I the only one that T-mobile came to mind? I mean if AT&T can't make a deal with them, I'm sure China Telecom would have the $.
China Telecom Mulls Entry Into US Telecoms Market
No problem. But China Telecom must do so through a joint venture where they only get 49% ownership and their partners with 51% must be domestic US companies. I'm sure China Telecom will understand how this is the manner in which to invest in a foreign country while tailoring operations to the foreign culture and history and thereby maximizing success. A win-win for everyone right?