Chinese telecommunications operator China Mobile has announced that the company has invested NTD17.77 billion, which is about CNY3.6 billion, in acquiring a 12% stake in the Taiwan-based telecommunications company Far Eastone Telecommunications.
China Mobile said it will purchase 444 million shares of Far Eastone Telecommunications at the price of NTD40 per share through its wholly-owned subsidiary [...]

Local Chinese media this week proclaimed that the logo for China Unicom's 3G business has been revealed in a promotional animation published on the website of its local branch in Wuxi.

Hunan Cable Television Network (Group) Holding Co., Ltd, an affiliate of Hunan Broadcast & TV Media Corp, has obtained a combined CNY3.3 billion loan from China Development Bank, China Construction Bank Hunan Branch and Bank of China Hunan Branch for renovating and digitalizing the cable television network throughout Hunan Province.

China Netcom (CN), one of the fixed line telecom service providers in China, has started a new program to hop into the Internet video market by signing agreements with eight media agents and content providers as strategic partners for the program.