May 17, China Netcom issued a proclamation declaring China Netcom CEO Edward Tian has resigned from office, the notice said, "for personal reasons, Dr. Tian Suning resigned as Chief Executive Officer, effective from May 17, 2006. Dr. Tian Suning will continue as Vice Chairman of the Company and the Board Corporate Governance Committee, and since May 17, 2006 transferred from the non-executive director of the Company. "
Associates from the Department learned that Tian Tian resigned from Netcom management role, will focus on "China Broadband Capital" (China Broadband Capital, referred to as the CBC Capital) in the management and operation, continue their love of the broadband business.I am a long time in promoting China's Tian broadband industry has always been a very strong sense of mission, of the broadband industry has a profound and unique understanding of the industry has a high reputation and influence, and widely recognized by the international capital markets.The source, Tian's resignation, is to more effectively promote the broadband industry, also is to ensure that "China Broadband fund" to carry out market as an independent operation.
It is reported that "China Broadband Capital," the future will invest primarily in telecommunications, technology and broadband applications, working in China to establish a new broadband ecosystem (Broadband Eco-system), and as Broadband Eco-system independent of the telecom operators in theproviders, telecom equipment manufacturers, Internet companies, high-tech enterprises in the middle of the power to help them integrate the resources both within and outside the industry, share the rapid growth of the industry to promote rapid economic development of China's broadband industry.Specific investment themes include three aspects: to serve the needs of investors, such as helping enterprises "going out" and "bringing in" strategy; telecommunications, high technology and Internet companies restructuring; start-up companies within the industry.
According to China Netcom announced, resigned from the CEO of China Netcom's Edward Tian will continue to serve as vice chairman at the board level positions in the work.It should be noted that the field is also vice chairman of Hong Kong's PCCW.Lu and Hong Kong, who is also listed on the basis of two vice chairman of telecom operators in order to "China Broadband Capital" as a new platform, Tian battles broadband seems to be the new war deployment.
Tian Netcom for the performance of recent years, the industry believes that Netcom's broadband services in the field, international and capital markets made significant contributions.In the past few years, from "my world wide" to "network, wide world", China Netcom's broadband business has become a key source of competitiveness; and the acquisition of Asia Netcom, the successful listing overseas, into the capital of PCCW, the introduction ofTelefonica, China Netcom makes these measures of color, different from most other international carriers; Netcom in the capital market sought after by investors, and the means of capital operation Tian consummate close.There figures show that since listing, the market value of China Netcom by 86%, 82% of comparable companies than similar.
Tian created for the China Broadband fund, finance, investment bankers are optimistic about its prospects.In addition to the factors that the industry itself, in AsiaInfo Tian, China Netcom (Holdings) and China Netcom Group, the accumulation of different forms of business management experience, will provide fund management and the management of the invested enterprises to deliver value.Meanwhile, the state-owned enterprises in recent years through experience, Tian has accumulated a wealth of industry experience and deep personal connections, these are his good resources for further operation of the Fund.