China explores merger of carriers China Unicom & China Telecom
The Chinese government is exploring a merger of two of the nation’s top wireless carriers to speed up the development of 5G mobile services, Bloomberg reported on Tuesday, citing people familiar with the matter.
The merger, if it went ahead, would see state-controlled China Unicom merged with China Telecom, creating a combined carrier with a market capitalization of over $70 billion. The new firm would still lag behind larger peer China Mobile.
China is pushing to rival the United States in an arms race to dominate the next-generation 5G mobile networks, a technology seen as strategically important in both Beijing and Washington, especially amid increasing global trade tensions.
China Unicom, formally known as China United Network Communications, said it was not aware of the situation, in response to the report of a possible merger.
China Telecom referred to their response to questions about a merger at the company’s recent interim results briefing, where the firm said it had not been notified of any such plans.
Bloomberg reported that the country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co (China Unicom) and China Telecommunications Corp, adding that no decision has been made and that a merger may not happen.
The two carriers between them have close to 600 million mobile subscribers as of July this year.
China Unicom and China Telecom shares jumped on Tuesday after reports of the merger. There has been speculation about the two companies being combined for several years.
Source reuters
Latest Jobs
-
- Application Security Analyst
- London
- Up to £85,000 Base
-
An Application Security Analyst is needed for an innovative commercial organisation in London. The Application Security Analyst will be working closely with the development team and should possess a blend of application security, development languages and Information Security skills. Application Security Analyst MUST have strong interpersonal skills. The Application Security Analyst role will include, but in no way be limited to; designing solutions to maintain security, whilst incorporating design solutions in Development, DevOps and Architectural best practices. Conduct application-level penetration testing and review security architecture of Product suite. Executing projects to implement a Security strategy. Knowledge / Experience should include; penetration testing consultancy, source code reviews, vulnerability management and security assessments. Experience with the following is desirable: Agile Development, Fortify 360 SCA, IBM Rational AppScan and exposure to security industry standards - ISO27001 and PCI-DSS. The ideal candidate will have 3 years’ experience in a similar Information Security role and have relevant security qualifications - CISM / CISSP or CISA etc. This is a client facing opportunity where you will be expected to travel to customer sites. Reference Number: OG7484 (Application Security, Penetration Testing, Information Security)
-
- Cloud Network Engineer
- Leeds
- Up to £35,000 Base + Bonus + Possible Share Options
-
One of our clients, an exciting UK based start-up is on the lookout for a Cloud Network Engineer in Yorkshire. The Cloud Network Engineer will need current CCNA / CCNP level networking experience (Cisco, BGP, IP etc.), cloud networking understanding (Azure, AWS etc.) and current experience ideally within a client facing / consultancy role. (Cloud Engineer, Network Engineer, Azure, AWS, Amazon Web Services) Reference Number: PG7477
-
- Senior Service Desk Analyst
- Wiltshire
- Up to £32,000 Base + £6,400 Shift Allowance
-
We are currently working on behalf of an IT Service Provider based in Wiltshire who are on the lookout for a Senior Service Desk Analyst. The Senior Service Desk Analyst will be responsible for logging, managing and escalating internal & external incidents and requests. This is an excellent opportunity to join a business recognised for what they do and work with a number of top UK businesses. You’ll be able to manage your career development and gain additional training e.g. certifications etc. This role will include a shift (4 days on then 4 days off) which covers 24/7 12 hour shifts The ideal candidate will be currently working in a IT service desk / IT support role ideally in an IT Services business. Reference Number: PG7476 (Service Desk Administrator, Analyst, Support, Service Desk Support, shift work, traning, Information Technology, Customer service, Customer support)
-
- Data Centre Service Delivery Manager
- Hertfordshire
- Up to £50,000 + Package
-
A Data Centre Service Delivery Manager is needed to join a specialist connectivity provider in Hertfordshire. The company is going through a huge growth programme and this is an excellent opening for someone to join a business who are working with globally recognised organisations. You’ll be responsible for: Supporting the Commercial Director with management of existing and potential customers being the main point of contact. Maintaining and improving the company’s current and new services Customer relationship management Attending customer meetings in order to provide guidance to customers Keeping up a high quality level of service Updating appropriate documentation such as policy and procedures and making sure these are in place and followed Change and Incident management Service Level Agreements Experience required Must have current experience working in a Data centre environment in a Service Delivery role. An understanding of Data Centre technology and terminology. Experience of dealing with people of all levels within a business (Engineers to Board level) In return you'll have the ability to work in a cutting edge environment and work with a variety of well known international clients REF: PG7475