Telecom Unicom exchange one-hand senior analyst: merger is low

"" Three major operators 2015 reported transcripts China Telecom revenue 16.45 billion yuan fell 0.6% year on year net profit of 10.98 billion yuan fell 4.0% China Mobile operating income of 340.7 billion yuan year on year growth of 4.9% net profit of 57.3 billion yuan year on year decline 0.8% China Unicom's revenue 144.7 billion yuan fell 3.3% year on year net profit of 6.99 billion yuan, up 4.5%
Daily economic journalist Liu Canbang on the three major operators to adjust the rumors of corrections yesterday confirmed: Xi Guohua outgoing China Mobile chairman, by the Ministry of Industry and Vice Minister Shang Bing took over, and China Telecom Chairman Wang Xiaochu and China Unicom Chairman Chang Xiaobing will be transferred The In addition, the outside world is also speculation that the rumors of the telecommunications Unicom merger, but senior telecommunications analyst Zeng Tao seems to reorganize if there is no need to go to exchange leadership, so the possibility of telecommunications Unicom merger is minimal. Zeng Tao told the "Daily Economic News" reporter, "new" leadership will face their own business problems, China Mobile needs to move from voice to data, the user from 2G to 4G, China Telecom is increasing 4G business Investment, China Unicom Although the advantages in the 3G business, but if the decision-making mistakes in the 4G business, then faced by the risk of mobile telecommunications users away. "Telecom Unicom if the merger, there is no need to exchange leadership" Yesterday, the three operators experienced another 2004 since the collective coaching change. China Mobile announced on Monday in the official website, said Shang Bing Ren China Mobile chairman, party secretary, Xi Guohua no longer the company chairman, party secretary. At the same time, China Unicom and China Telecom announced the same day the main leadership adjustment, Wang Xiaochu China Unicom chairman, party secretary; Chang Xiaobing Ren China Telecom chairman, party secretary. An analyst who declined to be named, said China Mobile in the level of telecommunications and China Unicom than slightly higher, by the operator experience of the Ministry of Industry and Deputy Minister Shang Bing took over, more logical. Data show that Shang Bing has served in China Unicom and China Telecom, and in July 2011 as Vice Minister of the Ministry of Industry and Information Technology. Vice Minister of the Ministry of Industry and China took over as chairman of China Mobile is not a precedent, just retired Xi Guohua is also true. Independent telecommunications analyst Fu Liang that its similar problem is that born in 1955 Shang Bing has been over 60 years of age, and only about two years of term, may not be conducive to long-term policy. "China Mobile's size is more than the sum of telecommunications and China Unicom, and may also carry the country's greater responsibility for the telecommunications industry and even the mobile Internet industry, so that vice minister to take over this position, more reflect the government will in the central enterprises in the implementation." Tao told reporters that the speed drop is every operator needs to do things, placed in front of Bing is how to more effectively implement this policy. For telecommunications, China Unicom's hand over the transfer, the analysts believe that Wang Xiaochu and Chang Xiaobing in their respective companies as a number one company has been 11 years, this situation is not common in the central enterprises, but the person that crossed the two companies on the strategy And will not have much impact. "First of all, the market structure is the current situation, not the two chairman can decide, and they are not the actual sense of the chairman, but the professional managers, the two companies are very limited strategic decision, such as tariffs. Based on the telecom Unicom leadership cross-transfer, the outside world is more concerned about the merger rumors. Senior telecommunications analyst Zeng Tao told the "Daily Economic News" reporter, if you want to reorganize then there is no need to go to exchange leadership, so the possibility of telecommunications Unicom merger is minimal, "at least one or two years is unlikely to merge, the current situation , The merger, but will drag each other. "4G era, the three major operators to challenge the different operators of the occasion of the three coaches, to meet the new head is not a bright mid-year report slip. The first half of this year, China Telecom revenue 16.495 billion yuan, down 0.6%; shareholders net profit of 10.98 billion yuan, down 4.0%. China Mobile achieved operating income of 340.7 billion yuan, an increase of 4.9%, net profit of 57.3 billion yuan, down 0.8%; China Unicom in the first half to achieve operating income of 144.7 billion yuan, down 3.3%; net profit of 6.99 billion yuan, 4.5%. 3G era, China Mobile has no advantage at all, but its 4G is pre-emptive, far ahead of Telecom and China Unicom. But Zeng Tao told reporters, from the report of the decline in net profit situation, the movement is also experiencing a painful transition period. "China Mobile is now hoping to move from voice to data, the 2G users to 4G." Zeng Tao told reporters that in this context, more than half of China Mobile's revenue is the voice business, which did not keep up with the 4G era The change. "The growth of new business did not offset the old business that is the proportion of voice users decline, so the overall decline." In contrast, the medium-term net profit growth, it seems that the same problem in China Unicom there seems not Big. "Unicom in the 3G time has been completed from the voice to the data migration phase, in fact, is now in the harvest process." "Unicom is relatively better, but because the relative absence of 4G, the next day is not estimated too good , Mobile, telecommunications are transferred to the 4G, if Unicom did not keep up, it will be the other two users to grab. "Zeng Tao said. In addition, Wang Xiaochu must face the fact that Unicom mobile users continue to lose in July. For Chang Xiaobing in terms of China Telecom is both familiar and unfamiliar, in 2004 he was transferred to China Unicom before the position is deputy general manager of China Telecom. "Telecom is not doing well in the mobile business, one reason is that the user base is too small, the overall market share is low, the scale is far less than mobile or even less than Unicom." Zeng Tao said, Telecom is another problem lies in its 3G network is no longer to upgrade, instead invested a lot of money to build 4G, but did not produce enough revenue. Of course there are opportunities. Independent telecom analyst Fu Liang said that Shang Bing went to China Mobile is conducive to the continuation of TD-LTE policy, strengthen the 4G stage of competitive advantage; Chang Xiaobing to China Telecom or promote cooperation with the Internet company to speed up the "to the telecommunications"; Wang Xiaochu or Can make better use of 3G advantages, while at the capital level to break through. "" Three major operators 2015 reported transcripts China Telecom revenue 16.45 billion yuan fell 0.6% year on year net profit of 10.98 billion yuan fell 4.0% China Mobile operating income of 340.7 billion yuan year on year growth of 4.9% net profit of 57.3 billion yuan year on year decline 0.8% China Unicom's revenue 144.7 billion yuan fell 3.3% year on year net profit of 6.99 billion yuan, up 4.5%


KEYWORD