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