Chinese telecoms think ahead: China Telecom and Netcom invest in next-generation networks

From Red Herring: Chinese telecoms think ahead

"Chinese telecommunications carriers have started investing in network upgrades to soft-switched next-generation networks (NGN) in earnest. ... According to new estimates by Beijing-based telecommunications consultancy Norson, operator investments in NGN equipment for 2005 will total only $120 million in 2005, doubling in 2006 and reaching $400 million in 2007."

"That’s good news for China’s leading IP-switching equipment vendors, including homegrown heavyweights Huawei and ZTE, who have been competing with success in mature markets ... "
"For carriers, these networks represent more than just a new technology, said Ms. Cai: they will entail an entirely new business model. “Content provision will be very different, with essentially three networks—television, broadband Internet, and telecommunications—all in one,” she said." Read more