Dr. Peng transiting to participate in the three-network fusion dream Broken

To build a national Internet integrated service provider for the goal of Dr. Peng (600804), originally intended by the acquisition of the Great Wall broadband 50% of the share of rapid achievement of their dreams, however, the Great Wall broadband original shareholder CITIC Network Co., Ltd. to disrupt its pace.　　Recently, Citic Network to the Great Wall Broadband network Services Limited the identity of former shareholders, the first purchase of the Great Wall broadband 50% equity. Lower performance expectations this year is Dr. Peng "Internet broadband access Business" out of Beijing, the first year of expansion to the country.　　According to Dr. Peng's vision, the broadband Access project will be in Beijing, Shanghai, Guangzhou and other 9 cities to promote all-round, and will be in three years in the above 9 cities to intensive cultivation, to 2012 to achieve new household fees 1.2 million households, small and medium-sized users 8550 target. This goal of Dr. Peng's success in raising 1.383 billion yuan this year, appears more practical. In late June, Dr. Peng publicly said that the price of 322 million yuan to obtain the Great Wall Broadband network Services Limited 50% of the equity and 281 million of claims.　　It is widely believed that the acquisition of the Great Wall Broadband equity is Dr. Peng's smooth access to the target city and a firm foothold in the shortcut. It is understood that the Great Wall broadband at the end of 2009 in the national coverage of 6.5 million users, charging more than 1 million users.　　Dr. Peng's community broadband income of 237 million yuan, measuring users around 250,000. Great Wall Broadband is still the best takeover target.　　Xinda Securities analyst China introduced, the current domestic other broadband access companies are mainly regional brands, can not meet the needs of the national expansion of Dr. Peng. The acquisition failed, Dr. Peng's Dong Ninchong said, does not affect the company's performance.　　Ninchong explained that in the financial revenue, the Great Wall broadband is not ideal, the first acquisition of the Great Wall broadband is only bullish on the Great Wall Broadband network services throughout the country and end customer resources. 2009, after the divestiture, the business income of Dr. Peng was 1.625 billion yuan, reduced by 1.45 yuan, net profit of 209 million yuan, an increase of 20.61%. Citic Securities Pi Sun pointed out that the performance growth rate is lower than market expectations. After Dr. Peng made the acquisition decision, Pi Sun pointed out that if the acquisition is successful, the company's revenue contribution is expected to double.　　Today, the industry has lowered Dr Peng's performance expectations.　　To participate in the three-net fusion dream far more important is that Dr. Peng fully participate in the three-net fusion dream far away. Three network integration needs is "expressway", the current operators have been building at a gallop. and the optical fiber access scheme provided by Dr. Peng is beneficial to the integration of the three networks. In addition, 12 pilot cities, three network convergence has been started.　　However, Dr. Peng's business is mainly concentrated in 18 cities in Beijing, so some analysts pointed out that Dr. Peng is in dire need of the Great Wall broadband to join. The Great Wall Broadband in addition to have a national network, or three network integration of participants.　　The Great Wall broadband is now speeding up transformation, hope to become a broadband plus content provider, is expected to work with operators to create Internet entertainment products and shopping platform. Yu Huayang, Vice general manager of the Great Wall broadband Shanghai branch, alsoMedia said that triple-net fusion for the Great Wall broadband is an opportunity, in the integration process, the company will seize the network bigger, the content of the big two aspects to carry out the work.　　The Great Wall broadband itself has plans, to further improve market share, expand network coverage. After the failure of the acquisition, Dr. Peng said not to give up the national development Strategy, Ninchong introduced, "The future of the company will acquire local assets, small companies to achieve national business expansion."　　However, Ninchong also admits that it is actually stretching the national Outreach front. China that, in the three-network integration, the concept of the Internet, such as the stimulation of the market competition is particularly fierce, time is too long may make Dr. Peng lost some market opportunities. There are also analysts pointed out that from 2010 to 2012 for the three-network integration pilot phase, 3 years can lead to investment and consumption of 688 billion yuan, if the national expansion of Dr. Peng's time is too long or will miss this big cake.