China Netcom Corporation Limited ("CNC" or the "Company") is a facilities-based broadband telecommunications operator in China. The Company provides a full spectrum of services and solutions to meet the broadband telecommunications needs of businesses and individuals. Its core business includes providing Internet broadband access and integrated telecom services to residential and corporate customers, and building the infrastructure for China's New Economy. Its comprehensive collection of telecom licenses, including the license to operate international gateways out of China, puts it in peer with incumbent operators such as China Telecom.
In August 1999, China Netcom was founded by four entities affiliated with the Chinese government: (i) the Chinese Academy of Sciences ("CAS"); (ii) the State Administration of Radio, Film and Television ("SARFT"); (iii) the Ministry of Railways ("MOR"); and (iv) the Shanghai Municipal Government. The company closed its first round of private equity placement in February 2001, raising US$325 million from a group of high-profile international investors, including News Corp. Digital Ventures, Goldman Sachs Private Equity, and other leading Hong Kong and Chinese financial institutions.
CNC's core competence lies in its strong shareholder support, a new generation of modern management, and best-of-breed technology. In 2000, CNC has finished the first phase construction of a nationwide fiber optic backbone network, CNCNet and metropolitan access network, which pioneered the deployment of advanced IP over DWDM transmission technology in the world. The company recently extended its last mile broadband access network to cover residential users using Fiber LAN technology.
CNC's business strategy is to:
Offer a world-class network and services.
Focus on communications-intensive corporate customers.
Differentiate with quality services and execution.
Build a solid and loyal customer base.
Become a global telecommunications player by partnering with world-class leaders.
Built a strong telecom brand and establish a reputable corporate identity.
CNC offers a unique and scarce strategic alliance opportunity for international companies who want to gain access to the China telecommunications and Internet markets and partner with an integrated facilities-based telecommunications operator in China. With regional offices in Beijing, HongKong, Shanghai, Shenzhen, etc., China Netcom is poised to benefit from the rapid growth of China's telecommunications and Internet sectors.
