国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China Satcom taken over amid telecom reshuffle

(Xinhua)
Updated: 2009-04-10 18:59

BEIJING -- China Satellite Communications Corp. (China Satcom) officially became a fully-owned subsidiary company of the China Aerospace Science and Technology Corporation (CASC) after a merger ceremony held here in the Great Hall of the People Friday.

Total assets of China Satcom transferred to CASC came to 6.6 billion yuan (US$965.81 million).

Related readings:  Mobile telecommunication upward  Advanced telecommunication network serves Chinese government  Transport, telecommunication and postal service  China's telecommunication revenue hits US$4.7b in May

The merger was planned by the State Council, or Cabinet, as a way to deepen reforms in the country's telecommunications industry.

CASC general manager Ma Xingrui, said the merger would extend the corporation's traditional services of researching and manufacturing of satellites  to operating satellite-based telecommunications.

CASC deputy general manager Rui Xiaowu, also the former general manager of China Satcom, said China Satcom will now mainly focus on three service aspects: satellite spatial operations, providing geographic data and locations, and satellite-ground communications.

After the merger, China Satcom's telecommunication operations will be taken over by China Telecom, one of three major telecom service providers in the country.

Rui also said CASC would launch seven satellites for broadcast and mobile communications purposes in the next five years.

Zhang Xiaoqiang, vice minister of the National Development and Reform Commission, said China Satcom and SASC were running similar businesses, and that the merger would help boost the development of China's aerospace science and technology fields, as well as its satellite-based applications.

The two companies were among 141 centrally-administered state-owned enterprises (SOEs) in China.

The SOE China Satcom was founded December 19, 2001. It used to be one of  six basic telecommunications operators in China. Now there are only three: China Mobile, China Unicom, and China Telecom.