Category: Money Tips Date: 2006-07-07
China Netcom CEO resigned from office and continue to serve as Vice Chairman and the Board Corporate Governance Committee, and the transfer of non-executive directors. The expected opening of the message so that rumors continue to revolve around a temporary Huashangjuhao Edward Tian.
From the entrepreneur into the state-owned enterprise managers AsiaInfo Edward Tian life course is a great satisfaction, achieve a typical entrepreneurial passion With the Internet back to the Chinese ideals. AsiaInfo to leave his life into the Netcom has become a key hint. Create AsiaInfo, his specialty is resource management, capital operation, do not understand the Internet do not know. At that time, he would never have guessed that he would later become one of China's Internet coordinates of the points, was Huanzuo "broadband sir", in the capital markets do anything.
In 1993, Tian and five other Chinese students with the founder of the United States, Texas, the first Internet company AsiaInfo. The following year, with Internet technology and the Internet AsiaInfo dream return to China. March 3, 2000, AsiaInfo has become the first Chinese companies landing the U.S. NASDAQ listed stock price soared.
His business partners are technical experts, Tian, compared with their most prominent feature is a strategic vision, at the same time full of passion and a strong affinity to the lofty aspirations and future prospects is described as people with high morale, but also That is, he knows how to ignite the dreams and staff mobility. Today, his impact on the persistence of AsiaInfo, changed so many leaders, but it seems that only Edward Tian is the spiritual leader of AsiaInfo.
Leave AsiaInfo to enter the small Netcom, the CICA has been extraordinary, Tian was no telecom experience, but optimistic about the industry and to our keen business sense of smell deliberately to build broadband strategy for his future success in the shop under the pathway.
In 1994, by the Chinese Academy of Sciences, Ministry of Railways China Railway Telecommunications Center, the State Administration of Radio Network Center and Shanghai Alliance Investment Co., Ltd. jointly invested 198 million yuan was set up China Netcom, which means "small Netcom." In 1999, a small CNC Operation allowed by company. Year in June, Tian left AsiaInfo became the newly established China Network Communication Co., Ltd. President and CEO, became the first airborne telecommunications industry, state-owned enterprises "international manager."
Subsequently, the small Netcom took less than a year has built an IP-based network covering the whole country. By South Korea's Hanaro Telecom in the framework of two and a half times the upstream and downstream industry chain, to broadband access for data communications core business and achieve positive cash flow patterns inspired by Tian main assault began offices in major cities in broadband access. By the end of 2001, the small Netcom to achieve nearly 50 cities of more than 2000 commercial building blocks settled results.
In 2002, a small telecom operators in China Netcom to complete the first cross-border acquisitions, to 80 million U.S. dollars of eating more than a billion dollars worth of Telecom Network in East Asia - Asia Global Crossing, and had covered Japan, Korea, China Taiwan, Singapore and other regions telecommunications resources, the Pacific Ocean in the West Bank city in Asia, are its landing point, became the first pan-Asia-Pacific region covering the initial network of international telecom operators.
Edward Tian's efforts started to bear fruit in 2002, small 187% CNC revenue growth, cost costs increased by only 20%.
At this point, Tian made an impact on his subsequent fate of the event. Tian broadband services and passed in 2001, announced the establishment of a new broadband business spin-off companies, and in time for the Telecom split in April 2002 before the establishment of China Netcom Broadband Corporation. After several subsequent financing in the South China Netcom has established a broadband network in Guangdong and Hong Kong in the construction of a broadband telecommunications channels, "China's network, wide world" of the brand image into millions of households.
The outside world have doubts, Tian why knowledge will be a time when restructuring of China Telecom, to form China Netcom not only failed to slow down the pace of broadband, but to speed up the negotiations with the parties of capital? A lot of things take time to understand the significance of the Netcom China Netcom Broadband, to Edward Tian as well. China Netcom Broadband is actually the original "Little Netcom" the business and assets.
The complicated fusion of the network to leave the best gift In May 2002, ushered in the history of China's telecom industry restructuring on the most controversial, led a small Netcom Edward Tian, the former Jitong and the original 10 provinces to form the Northern Telecom Netcom Group (New CNC). With the continuous "re-integration" process, Edward Tian in the repeated changes in left for China Netcom Group, "the best gift." Of course, as has been predicted, gradually fade out.
Edward Tian Although initially served as group vice president, but only responsible for managing international operations. In November 2002, CNC International, Tian become the establishment by the Netcom Group and the "small Netcom" related assets owned by international communications, networking, operations and personnel integration founded by dedicated international telecommunications services business president. Then again the original Netcom Asia Netcom and come in a number of international ports allocated to further enhance the profitability of Netcom International. China Netcom's international business over the past five consecutive years, doubling its internationalization process every step of the traces of Edward Tian. July 20, 2005, China Netcom Group, China Netcom International, Inc. officially launched the plan to withdraw.
Edward Tian in 2004 "the most tired" of the year, he has since made than in the shin when you are tired, the pressure is large, in the time-consuming for several years in internal integration and restructuring, China Netcom, a publicly traded company. This tired from not only because of China's telecommunications market is unfavorable, the global capital markets Netcom's low expectations, but also from China Netcom listed extraordinary commitment and mobilization of running around. In November 2004, China Netcom financing 1.14 billion U.S. dollars in New York Stock Exchange, Hong Kong, China successfully listed on the Stock Exchange. Tian served as executive director and CEO, he was primarily responsible for the division of labor into overseas markets and capital to expand co-operation.
China Netcom Group has been the integration of those who hold pessimistic prediction: "By this stage, Mr. Tian's personal role in the Netcom completed."
Netcom's listing in promoting the same time, Mr. Tian has been working with Richard Li to discuss the possible acquisition of Hong Kong Telephone Company, in this process, Tian of the network has won a very high international reputation, this time from the IPO China Netcom sought after by the degree of capital market can be seen . January 20, 2005, to perform household in Tian, China Netcom, spend about 10 billion acquisition of 20% stake in PCCW, Hong Kong, becoming the first Chinese carrier to enter Hong Kong acquisition. China Netcom in the South built a broadband network, the main business was in the north, that is, this has been the industry known as the "giant gamble" is almost equivalent to the amount of public financing of the acquisition, so that strategies to Netcom to detour outside the southeast coast of the mainland market and Hong Kong, Taiwan Telecom facilitate the integration strategy of the market possible, Netcom to broadband and the internationalization of two fronts at the same time a step forward. This view of the current telecom market in Asia's hottest act on the major telecom operators in Asia are a strong deterrent.
But then, should have taken command in Beijing, an international business development and mergers and acquisitions Tian, was sent to a joint venture between PCCW, China Netcom as Vice-Presidents and the Permanent Mission of Hong Kong to work with him to go along with his ex-soldiers money, the former China Netcom Group Chief Financial Officer Fan Xingcha.
China Netcom Group from the date of the formation has caused, and attracted so many people confused and eye, which which will include China Netcom broadband approach.
Zhang access network has a number of resources, book assets of 1.4 billion, and the table of assets 2.9 billion to set up within a year to create a continuous success of China Netcom broadband, but in the Netcom Group, a major restructuring that followed a bleak. In order to meet market needs of China Netcom, in August 2004, Edward Tian single-handedly creating a "Netcom broadband" was formally stripped from the CNC system. At that time, people think Tian Netcom, sooner or later leave the matter.
March 2, 2006, PCCW through an indirect wholly-owned subsidiary of PCCW IMS China Netcom China Netcom acquired 50% interest in broadband, Netcom broadband will be reorganized as a joint venture a year later no longer use "Netcom" indication. Subsequently, Mr. Tian's old partner PCCW Fan Xingcha to serve the people and therefore the move imagination, the relationship between Tian and Netcom no suspense.
From broadband to the success of future battles broadband Although the conflict between different cultures Netcom Group beginning in 2002 the integration process has been challenging is the fact that everyone can see, Tian and small Netcom, China's telecommunications sector reform was the brightest of the two terms, but as very few, if a few stars are from the private sector, and executives in the management of state-owned company as one of those who, Tian rarely talk openly about the coordination of two kinds of difficulties encountered in the management culture, in people constantly "out" conjecture, for the broadband business business, international and capital markets is impressive.
Figures show that since listing, CNC market value increased by 86%, exceeding the comparable companies of similar 82%. It was his consummate means of capital operation, bringing the capital market investors Netcom sought after. From the "Heaven and Earth by my wide" to "China network, wide world," China Netcom's broadband service has become the source of the core competitiveness. Acquisition of Asia Netcom, overseas listing is successful, into the PCCW-owned China Netcom, etc. These measures make the most of color and different from other international operators.
And Tian together, often moved by his enthusiasm, the passion of "idealist" to enjoy reading the history of World War II, he considered him to look at history thought the balance between sacrifice and victory. Desire to succeed in the same time, we must not ignore what may be lost - you can lose a battle, but it must win the entire war.
China Netcom's chairman on his evaluation: "China Netcom CEO Edward Tian served as the period for China Netcom in a highly competitive telecommunications market in the steady development of restructuring and successful completion of overseas listing and the Group's long-term future a solid foundation. "
Of international capital markets have been highly recognized Edward Tian has been promoting the development of China's broadband industry has a very strong sense of mission, in this position adjustments before the official announcement by the end of 2005 came Edward Tian will be created on the venture capital fund news.
Not long ago, PCCW's indirect wholly-owned subsidiary of Internet Applications Limited (IAL) and a company called China Broadband Capital Partners LP (CBC) signed an investment agreement fund. The first is a limited partner status, which intends to invest 50 million U.S. dollars for investment in China in telecommunications, media and technology related companies. CBC in the Cayman Islands was established by the part-time PCCW Deputy Chairman and Non-Executive Director of the Edward Tian an indirect wholly-owned.
According to this announcement, Edward Tian name of this fund is about the size of 200 million ~ 300 million U.S. dollars, total investment of not less than 100 million U.S. dollars. The fund will mainly invest in the future of telecommunications, technology and broadband applications, is committed to the establishment of a new broadband in China, ecosystems, and is independent of telecom operators, telecom equipment manufacturers, Internet companies, high-tech enterprises in the middle forces, to help They integrate various resources both inside and outside the industry to share the rapid growth of the industry.
"China Broadband Capital" as a new platform, Mr. Tian future battles seems to be a new deployment of broadband.
