Examples of China Netcom Group in a sentence
Special Purpose Share Option Scheme On 16 September 2008, the Company adopted a special purpose share option scheme (the “Special Purpose Share Option Scheme”) in connection with the merger of the Company and China Netcom Group Corporation (Hong Kong) Limited (“China Netcom”) by way of a scheme of arrangement (the “Scheme”) of China Netcom under Section 166 of the Hong Kong Companies Ordinance.
The substantial shareholders of the Company are China Unicom (BVI) Limited (“Unicom BVI”) and China Netcom Group Corporation (BVI) Limited (“Netcom BVI”).
In November 2001, pursuant to a further industry restructuring plan approved by the State Council, China Telecom’s wireline telecommunications networks and related operations in 10 northern provinces, municipalities and autonomous regions of the PRC were transferred to China Netcom Group.
In January 2009, through the absorption of China Netcom (Group) Company Limited (“CNC China”) by CUCL and the absorption of China Network Communications Group Corporation (“Netcom Group”) by Unicom Group, the rights and obligations formerly undertaken by CNC China and Netcom Group were taken over by CUCL and Unicom Group separately.
Total Redevelopment - The New Jersey Economic Development Authority's Urban Industrial Park Program and the New Urban Development Corporation (because they are vested with authority to redevelop total areas from acquisition through disposition) should focus their activities upon those locations which have been targeted for redevelopment, but which are less likely, for various reasons, to attract private sector redevelopment interest without substantial public sector redevelopment activity.
On 15 October 2008, as part of the Company’s integration with China Netcom, the Company entered into an agreement with three of its wholly-owned subsidiaries, namely (i) China Netcom; (ii) CUCL and (iii) China Netcom (Group) Company Limited (“CNC China”, a wholly-owned foreign enterprise established in the PRC and a wholly-owned subsidiary of China Netcom), pursuant to which CUCL would merge with, and absorb, CNC China.
As part of our integration with China Netcom, our wholly owned subsidiary, CUCL, merged with China Netcom (Group) Company Limited, or CNC China, a wholly owned subsidiary of China Netcom, in January 2009, and upon that merger becoming effective, CUCL assumed all the rights and obligations of CNC China, and all the assets, liabilities and business of CNC China were vested in CUCL.
Included in accounts payable as at 30 June 2003 are amounts due to China Telecom Group and China Netcom Group totalling RMB2,248,000,000 (At 31 December 2002 : RMB2,119,000,000), representing primarily payables for leased lines and interconnection expenses.
By incorporating China Netcom and Jitong into China Telecom North (China Netcom Group), the Ministry of Information Industry (MII) is effectively suppressing any competition that might have existed in China.95 The aftermath of the China Telecom split remains to be observed.The dissolution of China Telecom demonstrates that the pace of liberalization will likely be gradual and limited.
The Company currently faces competition from other telecommunications service providers, such as China Netcom Group, China Mobile, China Unicom and China Railcom in its wireline telephone, data, Internet, and leased line services.