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| Thursday, December 04, 2008 00:20:48 |
Great Wall resolves broadband dispute
Great Wall Broadband has resolved its
two-year dispute with its largest operating agent, Changhong, and the two
parties will set up a unified broadband network under the Great Wall brand, China Business News reports. In
September, 2003, Changhong (unrelated to the color TV giant) said that Great
Wall failed to fulfill an agreement to pay a 7.2 million yuan maintenance fee and an additional 7
million yuan in compensation. Subsequently, in the absence of a unified sales
network, Great Wall's agents fought amongst themselves for customers. The
unified network will be under the control of Changhong.
Great Wall has expanded through
partnerships and has profitable businesses in Beijing,
Shanghai, Shenzhen, Wuhan,
and Xiamen; the
company says that it is in advanced talks with at least four overseas
investors. Great Wall has 500,000 subscribers and is working on IPTV with
partners in Shanghai
and VOIP with China Netcom and China Telecom. It has started IPTV service in Beijing, Shanghai, and Xiamen, with four stations in Beijing.
Link: http://dycj.ynet.com/article.jsp?oid=7023219
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