I'm cautiously optimistic that it will work out well for the industry. |
The government was not happy with the level of competition existing in the fixed line market and some rationalization had to be done. |
The only negative is the guidance for capital spending this year, which is much higher than expected. |
There is small growth opportunity in those provinces, |
This is a real landmark in the history of China's telecom industry, |
This is not a good time for doing (an) IPO. The market condition is very bad. |