China Netcom Group Corporation (Hong Kong) (CN)

FX Street  Apr 1  Comment 
Published at 01:38 (GMT) 1 April 01 Apr USD/CNH Daily 01::25 GMT - Sustaining above the 6.1972... For more information, read our latest forex news and reports.
Reuters  Mar 25  Comment 
(Adds details on CN's safety system, quote from CEO, higher rates for older tank cars)     
FX Street  Mar 25  Comment 
Published at 02:04 (GMT) 25 Mar    25 Mar USD/CNH Daily 01::22 GMT - Upmove hindered by... For more information, read our latest forex news and reports.  Mar 24  Comment 
CN Rail's Claude Mongea: 'Blaming railways alone – or even worse, threatening to punish them with re-regulation for an outsized crop and winter conditions beyond their control – will not help to move any more grain'
Canadian Financial DIY  Feb 24  Comment 
Ever since the big shareholder battle and the installation of Hunter Harrison as CEO of CP Rail (TSX: CP), CP stock has been on tear, with returns far outstripping those of rival CN (CNR). Is this justified, should I be riding the rails with CP...
Insurance Journal  Feb 18  Comment 
Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes. CP Rail will … The...
Reuters  Feb 14  Comment 
Canadian Pacific Railway Ltd is slapping a surcharge on customers who transport crude in older tank cars, following its larger rival in seeking to deter shippers from using the model involved in a series of fiery crashes.
Reuters  Feb 5  Comment 
Canadian National Railway Co reached a deal on Wednesday to avert a strike by conductors and yard workers after the Conservative government said it would use back-to-work legislation to keep the country's biggest railway operating.  Feb 5  Comment 
A labour disruption at the country's largest railway would cause significant strain on the country's rail capacity, which has been hampered by harsh winter weather
DailyFinance  Feb 3  Comment 
WAYNE, PA and SHELTON, CN -- (Marketwired) -- 02/03/14 -- InfoFuse and 3Gtms announced a partnership between the two corporations. InfoFuse is a global provider of a broad range of best in class supply chain and logistics services and...


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China Netcom Group Corporation (Hong Kong) Limited (China Netcom) is a state-owned telecommunications company. In addition to providing local fixed-line telephone services to residential and business customers in 10 Chinese provinces which are in the northern parts of China, the company offers domestic and international long distance telephone services Internet and managed data value-added services leased line and limited mobility wireless services. It is one of the largest phone companies in China (and the world), with 111 million access lines in service and 20 million broadband users as of December 30, 2007. The company generates the bulk of its revenue from local phone, domestic long distance, and international long distance services. Additionally, it derives revenue from data and Internet services, value-added services, and interconnection fees paid by other phone companies. In 2006, revenues from fixed line service contributed 78% of the total revenues while broadband & other Internet related service and business & data communication service contributed 13% and 5% of the total revenues in 2006, respectively.

China Netcom announced disappointing operating results for the first three quarters of 2007 due to competition from Chinese mobile operators. However, China Netcom is a major player in fixed-line phone services in one of the world's fastest growing telecom markets. Its attractive long-term prospects arise from growth in broadband, value-added services, and potential 3G services. Moreover, China Netcom is expected to benefit from the possible telecom restructuring in China and issuances of 3G licenses in China. Thus, we are maintaining Hold rating on the stock.


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