New Face of China's Telecom Industry

On October 15 2008, China Unicorn merged with China Netcom, the latter declaring withdrawal from the market. Both agreed, to rename "China Unicorn Limited" as 'China Unicorn (HongKong) Limited ', which happened just after China Mobile had announced that would become its wholly-owned subsidiary and China Telecom had proclaimed that it would take over the CDMA business from China Unicorn since October 1 2008. It means that the "six to three" reorganization has finally become a reality and marks the beginning of an era of All-Service Operation for the telecom industry. The three new telecom operators will surely undergo profound changes in corporate strategy and operation areas, it is foreseeable that the merging of China Netcom with China Unicorn will rewrite the history of the development of China's telecom industry.