China Netcom Group Corporation (Hong Kong) (CN)

The Hindu Business Line  Jan 5  Comment 
The Kerala State Cooperative Bank will hold its centenary celebrations on January 19. Minister for Cooperation CN Balakrishnan will release the logo of the centenary celebrations at Cobank...
Commodity Online  Dec 21  Comment 
The Western Grains Research Foundation (WGRF) will receive $5,231,011 from CN for exceeding its revenue entitlement. The news release on the ruling is available from the Canadian Transportation Agency website at
Motley Fool  Dec 5  Comment 
Crude-by-rail has been a great story line for the past couple of years, but it hasn't been as dramatic of a boost to the rail companies as many might have guessed.
Bulk Transporter  Dec 3  Comment 
CN, Superior Silica Sands, and Di-Corp will start serving a new state-of-the-art frac sand terminal near Rocky Mountain House AB, located southwest of Edmonton AB, in early 2015 to meet rising demand for frac sand in the Western Canadian...
Reuters  Oct 21  Comment 
(Corrects operating ratio improvement to one percentage point, not basis point, in third paragraph)
Reuters  Sep 17  Comment 
The Canadian government will fine Canadian National Railway Co for failing to meet minimum weekly grain volumes under an official order demanding railways ramp up grain shipments or face penalties, a spokeswoman for Transport Minister Lisa Raitt...


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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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