Tencent forges venture with China’s big telcos

first_img China Telecom claims NB-IoT milestone AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 NOV 2017 Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Author China operators lose NYSE delisting appeal Tencent boosts investment in high-growth verticals Asia Tags center_img Home Tencent forges venture with China’s big telcos Chinese internet giant Tencent joined forces with the country’s three mobile operators to set up a joint venture in Guangdong to “promote network capability for the digital economy” in the province, news portal Sohu reported.Tencent holds a 49 per cent stake in the venture, Digital Guangdong Network Construction, which was set up on 11 October with a registered capital of CNY200 million ($30 million). China Unicom has an 18 per cent interest, while China Mobile and China Telecom each have a 16.5 per cent stake.The news platform noted China Unicom’s higher stake is likely due to its strategic cooperation with Tencent, which is headquartered in the city of Shenzhen, Guangdong province. Sohu speculated the two companies’ 67 per cent stake would give them more leverage in decision making and help the operator push through reforms to turn around its business.The site didn’t offer any additional detail on the nature of Digital Guangdong’s future business focus but called the venture an “extraordinary strategic cooperation” and Tencent’s move a “courageous step”.China Unicom, although the country’s second largest operator by total mobile subscribers, lags number three China Telecom in 4G connections. China Unicom had 160 million 4G subs at end-September while China Telecom had 167.5 million. Market leader China Mobile had 622 million, giving it a 66 per cent share of total 4G subs in China.Hong Kong-listed China Unicom announced in August it would raise funds by selling a 35 per cent stake in the company to a group of 14 investors as part of the government’s mixed-ownership reform to bring in private funding. The investors include Alibaba, Baidu and Tencent.State-owned China Unicom established a big data company in September as it moves to forge partnerships with its new strategic investors.On 1 November China Unicom announced its new investors made full payment in cash for the shares issued. Previous ArticleBlog: AT&T’s belief in Mexico takes major knockNext ArticleTablet market sees unspectacular Q3 Joseph Waring Related China MobileChina TelecomChina Unicomjoint ventureTencentlast_img read more

CB Richard Ellis Marketview: EMEA Office Occupier – Q2 2009

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Play it again Sam

first_imgPutting the legal ombudsman and solicitors in the same room is like inviting Theresa May and Ken Clarke to a cat show. But the two factions got on remarkably well at a Law Society event last week – with chief ombudsman Adam Sampson (pictured) even extracting the odd laugh from his sceptical audience. Apologising for arriving late at the hotel venue, he informed the audience with a knowing glare: ‘I made a mistake; it’s always best to admit mistakes.’ He told another tale of when, on switchboard duty, he picked up the phone to a solicitor anxiously demanding: ‘I want to sort this out so the ombudsman never hears about this,’ only to be told: ‘You’re speaking to him.’ But meetings with solicitors don’t always end well. Sampson admitted he is used to the same parting shot: ‘It’s been lovely to meet you – I just hope we never meet again.’last_img read more

Telegraph claim Chelsea could recall Morata

first_img Follow West London Sport on TwitterFind us on Facebook Stories in Saturday’s newspapers involving Chelsea….Alvaro Morata could be at Chelsea next season, it is claimed.Morata joined Atletico Madrid on an 18-month loan in January and is keen to stay at the Spanish club and eventually join them on a permanent basis. AdChoices广告But Chelsea have an option enabling them to recall the striker this summer – and the Daily Telegraph claim the club have warned Atletico that they will trigger that clause if a permanent deal is not agreed.The Telegraph say Chelsea want £50m for the player and that their stance means Atletico need to raise some cash.Frank Lampard is close to being confirmed as Blues boss but The Sun say he is set to return to Derby for the start of their pre-season training on Monday and will take over at Chelsea later in the week.And the Daily Mail reports that Chelsea’s youngsters will be challenged on their return for pre-season training to show they are worthy of first-team places.The prospect of a transfer ban means Chelsea’s young players are much more likely to be called upon during the coming season.last_img read more

Paul Kennedy leads Irish domination of Bolesworth four-star Grand Prix with victory aboard Irish Sport Horse Cartown Danger Mouse

first_img Tags: Limerick’s Paul Kennedy and Jane Kennedy-owned Irish Sport Horse mare Cartown Danger Mouse have taken victory in today’s (Sunday) four-star 1m60 Grand Prix sponsored by Equerry, at Bolesworth International in the UK.A thrilling jump-off saw Kennedy (pictured above) outpace his fellow countryman Billy Twomey, with the 24-year-old Limerick rider collecting a first prize of €33,000.Cork-born Twomey had taken the lead with the Kim Barzilay-owned Kimba Flamenco with a clear round in 38.65 seconds. However Kennedy knocked .09 of a second off that target when last to go. Twomey would finish as runner-up, while Britain’s John Whitaker took third place with Cassinis Chaplin. Richard Howley and Dolores came home in sixth for Ireland while Clem McMahon also finished in the top 10 with PacatoIt was Kennedy’s second win at Bolesworth having also taken the top prize in Friday’s feature competition again riding Cartown Danger Mouse, while the pair were also part of the winning Irish Nations Cup team recently in Lisbon.BREEDINGCartown Danger Mouse (ISH) – 2006 bay mare by Harlequin Du Carel (SF) out of Missy Boo (ISH). Bred by Paul G Kennedy, Co. Limerick. Owner: Jane Kennedy. Rider: Paul Kennedy (IRL) 17 June 2018, 18:03 Home  »  General  »  Paul Kennedy leads Irish domination of Bolesworth four-star Grand Prix with victory aboard Irish Sport Horse Cartown Danger Mouse Paul Kennedy leads Irish domination of Bolesworth four-star Grand Prix with victory aboard Irish Sport Horse Cartown Danger Mouse last_img read more