China Telecom planning to invade US... consumer market in 2012
posted by Victor H. / Nov 10, 2011, 9:46 AM
The People's Republic of China will invade the land of the free, the US, but not in a Cold War Communist against Capitalism way, but rather in technology. The Asian country's China Telecom is looking for opportunities to expand its service to the US in 2012, Donald Tan, president of the carrier revealed in an interview for Bloomberg.
The company is planning to launch its own service to select US markets and something tells us heavily populated Asian regions will be first on the list. Come to think about it, you wouldn't mind 4G coverage in every Chinese bistro out there, would you? China Telecom's president also mentioned that theoretically the service would provide phones that can be used in both China and the US, and will appeal strongly to frequent travelers including students and businessmen.
There isn't an abundance of details, though. The pricing for once wasn't announced, except for the vague pledge to being “competitive.” What the carrier did say, though, is that tests are already being carried out with a couple of wholesale partners and if everything works well, the service could expand to Canada.
"We want some acquisitions in the U.S. and other countries on this continent," Tan stressed. "It's a very quick way to growth." With “hundreds of millions or billions” in their pockets, that seems easy to achieve, don't you think?
Posts: 922; Member since: Oct 18, 2011
I\'m sure a lot of the carriers outside of the US look our situation and completely drool. They can come here and offer much less.. for significantly more money! Who wouldn\'t want to start up their own carrier??
posted on Nov 10, 2011, 10:01 AM 4
Posts: 5396; Member since: Sep 16, 2010
Not really, actually Latin America is a better market for anyone looking for piles of cash, just buy the local provider and build a monopoly out of people who have no choice but yours. Google worlds richest men
posted on Nov 10, 2011, 7:17 PM 1
Posts: 701; Member since: Jun 07, 2011
i wonder if the service and phones will be dollar store quality??
posted on Nov 10, 2011, 10:19 AM 7
Posts: 47; Member since: Jan 28, 2011
Thats what most people thought about HTC, Acer, Asus and at the moment ZTE.
posted on Nov 10, 2011, 4:03 PM 3
Posts: 38; Member since: Feb 24, 2011
If the AT&T/T-Mobile deal isn't approved, I would not mind at all having another company buy T-Mobile. Think about it. It's going to happen anyway unless T-Mobile transitions to a TOTALLY prepaid carrier, like Metro PCS and Cricket. Just look at the last quarter's results...More gains in prepaid customers than postpaid ones. Going back to square one....I'm actually more for T-Mobile to be bought, rather than it converting to prepaid. We need a company that is willing to invest HEAVILY in expanding T-Mobile's network. That's a big reason why T-Mobile isn't growing as fast as other companies. Once this happens, I really see T-Mobile growing at a furious rate. Let all this happen for the sake of competition, please....
posted on Nov 10, 2011, 10:23 AM 3
Posts: 437; Member since: Apr 15, 2010
This will be interesting how the FCC and Congress handle this. I suspect China Telecom will lobby to allow the AT&T/T-Mobile merger to proceed and China Telecom will buy a large amount of the overlapping markets that must be divested to allow the merger. Totally feasible since no landline infrastructure is being acquired to a foreign entity - something that would not be permitted.
posted on Nov 10, 2011, 10:40 AM 2
Posts: 3165; Member since: Jun 19, 2010
I would like the DoJ to deny AT&Ts purchase and offer China Telecom and other outsiders a chance to buy them. T-Mobile is a company owned by an outsider anyway, and Verizon Wireless is a dual partnership with Vodafone another outside company. AT&T and Sprint are the only US owned carriers, so T-Mobile going from German to Chinese isnt a big change, but more welcome than AT&T buying it.
posted on Nov 10, 2011, 10:44 AM 9
Posts: 87; Member since: Oct 07, 2011
I think if they come in and offer good service for cheaper then whats currently on the market it could stand to make the market that much more competitive. Which is, normally, more beneficial for the consumer. And, if they come in and start setting up stores, call centers, and warehouses (or transition sites or something) then that could also spur jobs here in the U.S.....but it's china, so I don't know if that's really all that accurate hahaha
posted on Nov 10, 2011, 1:19 PM 0
Posts: 553; Member since: Jun 09, 2011
KEEP CHINA OUT OF THIS COUNTRY!!!! They already own like 70% of our economy and debt. NO MORE FROM CHINA!!! Also, all Americans view chinese goods as complete trash. When we make fun of something that broke right after you bought it we say "it was probably made in China." Noone will buy a plan from Chinese cellular, or whatever the hell their name is, simply because where they're from, unless they use a new name here and people don't know who it really is.
posted on Nov 11, 2011, 12:27 AM 0
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