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Corporate Profile       

China Netcom Group Corporation (Hong Kong) Limited (the "Company"; together with its subsidiaries, the "Group") was incorporated in Hong Kong with limited liability under the Companies Ordinance (Chapter 32 of the Laws of Hong Kong) on October 22, 1999. The shares of the Company were listed on The New York Stock Exchange on November 16, 2004 and the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") on November 17, 2004.

The Company is a leading broadband and fixed-line communications operator in China. After we sold the telecommunications assets, liabilities and business operations in Guangdong Province and Shanghai Municipality on February 28, 2007, our service regions consist of Beijing Municipality, Tianjin Municipality, Hebei Province, Henan Province, Shandong Province, Liaoning Province, Heilongjiang Province, Jilin Province, Neimenggu Autonomous Region and Shanxi Province.

In our service regions, the Company provides fixed-line voice and value-added services, broadband and other Internet-related services, information and communications technology (ICT) services, business and data communications services and advertising and media services.

The Company's principal services consist of:

  • Fixed-line voice and value-added services, including local, domestic long distance, international long distance and fixed-line valueadded services;

  • Broadband and other Internet-related services, including broadband and narrow-band Internet access services like XDSL, LAN, dialup, wireless as well as broadband content and applications services;

  • ICT services, including IT and CT based integrated solutions such as system integration, software, outsourcing, special advisory, and professional services like Internet information and disaster recovery services;

  • Business and data communications services, including managed data and leased-line services; and

  • Advertising and media business.

    As of December 31, 2007, the total number of the Company's ordinary shares in issue was 6,674,328,400. China Network Communications Group Corporation ("China Netcom Group", our ultimate controlling shareholder), beneficially owned approximately 69.63% of shares in the Company through China Netcom Group Corporation (BVI) Limited ("CNC BVI"); Shandong Provincial State-owned Assets Supervision and Administration Commission beneficially owned 2.24% of shares in the Company; each of Chinese Academy of Sciences Holdings Co., Ltd., Information and Network Center of the State Administration of Radio, Film and Television, China Railways Telecommunications Center and Shanghai Alliance Investment Limited beneficially owned 0.55% of shares in the Company; Telefonica Internacional, S.A.U. beneficially owned 5.00% of shares in the Company, and public investors owned 20.93% of shares in the Company. Chinese Academy of Sciences Holdings Co., Ltd., Information and Network Center of the State Administration of Radio, Film and Television, China Railways Telecommunications Center and Shanghai Alliance Investment Limited respectively signed a Share Purchase Agreement with Telefónica Internacional S.A. on January 18, 2008. Pursuant to the Share Purchase Agreements, the four shareholders will transfer the shares of the Company they beneficially own to Telefónica Internacional, S.A. or its related entities. Upon completion of the Share Purchase Agreements, Telefónica Internacional S.A. and its associates will be interested in approximately 7.22% of the issued share capital of the Company.

    updated as per 2007 Annual Report

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