Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Telecom GM Resigns from CCS

National Business Daily, 4/10/08

China Communications Services Corp (CCS) (0552.HK) has announced that stockholder Wang Xiaochu, the CEO of China Telecom (NYSE: CHA; 0728.HK), will resign from his position as director of CCS, and will appoint CCS vice-director and CEO Li Ping as acting director for the company.

Analysts say that the reason for Wang's departure from CCS was a desire to "pacify" CCS' other two major clients, China Mobile (NYSE: CHL; 0941.HK) and China Unicom (NYSE: CHU; 0762.HK; 600050.SH). CCS and China Telecom spokespeople would not comment on this in a review with the National Business Daily yesterday.

Editor's note: An industry insider has revealed that China's State-owned Assets Supervision and Administration Commission (SASAC) is considering having China Mobile and Unicom take stakes in the newly emerged telecom engineering giant.

Keywords: Li Ping wireless 0552.HK 0728.HK 0762.HK 0941.HK 600050.SH CCS CHA China Communications Services Corp China Mobile China Telecom China Unicom CHL CHU SASAC telecom telecom engineering Wang Xiaochu


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports