One company, China Netcom, inherited the telephone networks in ten northern and western provinces.
Nevertheless, Netcom's 20% stake does not give it a licence to control a publicly listed Hong Kong company.
When that happens, there will be new operators such as China Telecom and China Netcom that will need content.
With three board directors, it is hard to believe that Netcom had no inkling of what was being planned.
The botnet had two command and control domain names 091809.ru and sexiland.ru both hosted on the same IP address (210.51.166.238, China Netcom).
FORBES: Blurring the Boundaries Between Cybercrime And Politically Motivated Attacks
In 2000 Equant approached the state-owned China Netcom and agreed to teach it how to build a national data network for China.
China Netcom Group (36, CN) didn't suffer that fate and in fact was in public hands only for the third of those years.
To adjust the imbalance, Beijing has scheduled China Unicom to take over fixed-line operator China Netcom (See " Beijing Smiles On China Unicom").
China Unicom will gain in scale as well by merging with China Netcom, long a bit player in the expanding Chinese mobile industry.
Among the companies attempting to lure foreign investors are phone company China Netcom, China Construction Bank, Air China, China Power and carmaker Dongfeng Motor.
Relations between Mr Li and Netcom have deteriorated since Edward Tian, Netcom's chief executive and the architect of the collaboration, left earlier this year.
In fixed-line, China Telecom was given 21 prosperous southern provinces, while Netcom got ten poorer northern ones plus Beijing and a broadband network, as compensation.
ECONOMIST: Life is getting harder for China's phone companies
Netcom believed that Mr Li's attempt to sell the firm's assets violated a pact that gave Netcom a say in any sale of the company.
Though Macquarie and Newbridge were prepared to bring Netcom and Hong Kong investors into their consortia and dilute themselves into a minority position, it was not enough.
While most of the fees for transmission within China will go to China Netcom, Delepine hopes to draw sales fromfirms trying to get data in and out of China.
From its inception in 1999 until its ultimate sale to China Netcom in 2003, Milroy was instrumental in the creation of the company and its expansion across the Asian continent.
But challenges include the long-awaited shake-up of China's telecoms sector, which could see the market becoming fiercely competitive with the entry of fixed-line and broadband providers China Telecom and China Netcom.
Now, China Telecom and Netcom are openly promoting it.
ECONOMIST: Life is getting harder for China's phone companies
CGI, a start-up investment firm that is based in Beijing and is controlled jointly by the mainland's telecoms industry and Citic Guoan, a media group, was said to be preparing a joint bid with Netcom.
Take telecoms: China's early decision to deregulate the sector and break up the state monopoly into four competing firms two fixed-line (China Telecom and China Netcom) and two mobile (China Mobile and China Unicom) was widely admired.
At the same time, the two foreign-led private-equity groups are busy sweet-talking Netcom, apparently offering the firm up to 50% of whatever assets they end up with more or less for nothing, thus diluting their own interests to minority status.
"The speakerphone category is a big focus for us and, as the market continues to grow year in and year out, more retailers and consumers become aware of it and realize the benefits of using a device, " said Jonas Forsberg, General Manager North America, Mobile Division, GN Netcom, Inc.
ENGADGET: Jabra debuts Cruiser2 in-car speakerphone, Chill / Speak410 VoIP calling accessories
Having failed to do so he reversed course in 2008 and came up with a clever scheme in which he, along with China Netcom, PCCW's second-largest shareholder, would take the company private, buying out the other shareholders for slightly less than he would receive from the company in a special dividend issued after the deal's completion.
应用推荐