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China Netcom to Focus on Non-voice Businesses

CWW, 11/09/07

According to Hong Kong media reports, China Netcom (NYSE: CN; 0906.HK) CFO Li Fushen has said after a meeting with JP Morgan Chase that the company is to switch its focus from acquiring a wireless license to developing non-voice services including video and ICT.

Netcom is to maintain its mid and high-end customer base, and no longer invest resources in low-end customers.

Keywords: China Netcom CN 0906.HK 3G license non-voice services strategy

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