Global Telecom Industry re-layout what are the Chinese operators doing?

Intermediary transaction SEO diagnosis Taobao guest Cloud host technology Hall

A 130 billion-dollar big deal, which should have been a sensational, hotly-negotiated news, was swept into the ditch by Microsoft's 7.2 billion dollar takeover of Nokia's mobile phone business.

Verizon Communications (Verizon Communications), America's largest telecoms operator, will pay 130 billion of dollars to buy Verizon Wireless (Verizon Wireless), which is headquartered in Vodafone, UK 45% shares.

Profit comparison

There are several data (based on 2012 earnings) that need to be pointed out:

Verizon Wireless, America's second-largest mobile operator, Verizon Communications and Vodafone joint venture (founded in 2000), has a 55% stake and a 45% per cent stake. Verizon Wireless has 98.2 million users (the official latest data is 100.1 million, slightly less than the first at&t of 107.9 million), 2012 turnover of 75.868 billion U.S. dollars (accounting for the entire Verizon Communications revenue of 65.5%), Operating profit is about USD 21.774 billion.

Verizon Communications, the United States's largest operator, 2012 turnover of 115.846 billion U.S. dollars, net profit of 875 million U.S. dollars.

Vodafone, with a turnover of $70.187 billion in 2012, had a net profit of $678 million.

Many of the information, including Vodafone, suggests that Verizon sought to strengthen its competitive edge in the US market (AT&T), while Vodafone tried to sell its shares for dual use: the first was to strengthen its competitiveness in the European region. , the second part is to give back to existing shareholders in order to obtain their support for the sale of shares.

Accordingly, the financial data of Chinese operators in 2012 are as follows:

China Mobile, operating income of 560.4 billion yuan, net profit of 129.3 billion yuan.

China Telecom, operating income of 283.1 billion yuan, net profit of 14.9 billion yuan.

China Unicom, operating income of 248.9 billion yuan, net profit of 7.1 billion yuan.

In the Fortune World 500 rankings, the data changed (according to the March exchange rate of 6.2 to the renminbi):

China Mobile, operating income of 96.874 billion U.S. dollars, net profit of 11.85 billion U.S. dollars.

China Telecom, operating income of 53.379 billion U.S. dollars, net profit of 1.067 billion U.S. dollars.

China Unicom, not on the list.

In the No. 499 Place is the Chinese company, Cathay Life Insurance Co., Ltd., operating income of 23.283 billion U.S. dollars, far below China Unicom last year's operating income, net profit of 1.109 billion U.S. dollars, also lower than China Unicom's net profit.

The Forbes world's top 500 figures are as follows:

China Mobile, operating income of 88.8 billion U.S. dollars, net profit of 20.5 billion U.S. dollars.

China Telecom, operating income of 44.9 billion U.S. dollars, net profit of 2.4 billion U.S. dollars.

China Unicom, operating income of 39.5 billion U.S. dollars, net profit of 1.1 billion U.S. dollars.

"Fortune" the world's top 500 selection index is: first, sales revenue. The second is that enterprise statistics must have a high degree of transparency. The third is independent corporate governance. The four is the United States dollar ranking. It is necessary to declare the relevant information within the stipulated time. This suggests that China Unicom may have problems with transparency, corporate governance or reporting.

Integration and coming

In Europe and the United States market, telecom operators industry integration Tide, another attack (last was the 90 's last century). Since the 1980 's, the telecom market in Europe and the United States every 10 years a big change, has been happening.

In March 2001, At&t tried to buy America's fourth-largest operator, T USA, with 39 billion dollars. The deal was approved by both boards, but was vetoed by the government in November, At&t abandoned the takeover attempt. But in July this year, At&t announced the acquisition of the US prepaid wireless service operator Leap Wireless.

Previously, the sale of hopeless T USA has acquired another prepaid wireless service operator MetroPCS.

SoftBank, Japan's third-largest operator, bought the fourth-largest operator, eaccess, in October 2012, and sold a significant portion of its stake early this year. Meanwhile, SoftBank began bidding for Japan's third-largest operator, Sprintnextel. In the process, the commitment of SoftBank and sprint to US politicians to "no longer use China's Huawei equipment" has made the U.S. government much more satisfied and finally approved the deal on July 6.

T USA is a holding subsidiary of Deutsche Telekom, while Verizon Wireless is the UK's Vodafone equity subsidiary.

In Europe, mergers and acquisitions between telecoms operators are also under progress. Royal Dutch Telecom KPN and Telefónica Telefónica have reached an agreement KPN to sell its German subsidiary E-plus to Telefónica, a German subsidiary. O2, the fourth-largest operator in Germany, deals with an amount amounting to € 6 billion. The deal is now awaiting approval by the government.

The Slovak Government has recently stated that it has negotiated with Deutsche Telekom to sell 49% per cent of its government-owned Slovak telecoms company to Deutsche Telekom. Currently, Deutsche Telekom is a controlling shareholder of the Slovak telecoms company, holding 51%.

In 2012, Vodafone bought Cable&wireless. In June this year, Vodafone announced the acquisition of Kabeldeutschland, Germany's largest cable operator, with a bid of as much as € 7.7 billion.

Backwater

It can be said that the entire European and American telecommunications operators market, is surging; however, at this time, what are the Chinese operators doing?

Chinese operators are discussing the crisis that Tencent, and Ott, may bring to China's telecoms operators. But specifically, what kind of crisis? Plainly, it is a high profit crisis.

China is not a number of policies to prohibit the implementation of VoIP business market, and in Europe and the United States market, VoIP did not hit the European and American telecom operators, Ott also did not break the telecom operators in Europe and America, but in China, VoIP and Ott are described as a scourge by operators.

China Mobile had some attempts at international mergers and acquisitions in the early years, but most failed.

There are two successful acquisitions.

In 2005, China Mobile bought Hong Kong's huarun peoples and privatized it as China Mobile's Hong Kong company, which cost about HK $3.384 billion. The nature of the acquisition of Huarun peoples is from another central China Resources Group.

China Mobile, which invested $460 million in 2007, bought Paktel, the Pakistani operator, and renamed it Cmpak. China Mobile's acquisition of the net users about 1.6 million, as the fifth largest operator. At present, the total number of users has reached 20 million, the market share of 15.7%, known as the fourth largest operator, but these years China Mobile total additional investment of more than 1.5 billion U.S. dollars, and the company continued to lose money.

In addition, all the international acquisitions of China's mobile are hearsay or unsuccessful. China Mobile tried to buy a stake in Taiwan tele-telecoms in 2009, until this year, China Mobile said the deal had been terminated. China Mobile also tried to enter the Burmese market this year, but eventually China Mobile also terminated the attempt and did not explain why.

Still, China Mobile is at least acting, and the other two carriers simply don't have any news. The three major operators are now focusing on the "threat" of internet companies, introducing the OTT nature of IM applications, news and gossip.

Under Sasac's care, under the status of State-owned enterprises, China Telecom operating market, all the competition, but also limited to the local network of salesman, all the coping, but also only Sasac's assessment, and department appointment. Whether the operators themselves, or the media, have been waiting, not the operator of the split or merger-compared with this, operators of the second round of the job, the likelihood is more likely to happen.

The time of the merger between China Unicom and Netcom is not far off, only six years. But that merger was not real operator consolidation. It is 2001 years of China Telecom North-south split (let's not talk about whether the horizontal split is correct at the time) after the 5 1 pattern, the Chinese telecom industry is a big shuffle, but also has been over 12 years.

Today's China Telecom industry, said bluntly, almost quickly into backwater, so just face Tencent suspicious, panic state.