WithHil­tonIT min­istry ex­pects stake, 2nd HNA phase deep­en­sof 5G ex­per­i­ments­group syn­ergies­done in year

China Daily (USA) - - BUSINESS - By FAN FEIFEI By fan­feifei@chi­nadaily.com.cnZHU WEN­QIAN zhuwen­qian@ chi­nadaily.com.cn

The sec­ond phase of ex­per­i­men­tal work on fifth gen­er­a­tion China’s(5G) mo­bile di­ver­si­fied net­works ma­joris HNA ex­pected Groupto be fin­ishedis seek­ingby theto ex­pandend of 2017,its port­fo­lio­said an of of­fi­cial­ho­tels and from strength­en­the Min­istry the of syn­ergy In­dus­try be­tweenand In­for­ma­tion­its avi­a­tion and Tech­nol­ogy,hos­pi­tal­ity the coun­try’s busi­nesses, tele­comby ex­ploit­in­greg­u­la­tor. the boom in over­seas The trav­els first of phasethe Chi­nese.of 5G’s re­searchTo this and end, test­ing, HNA con­cen­trat­edGroup picked up on a key 25 per­cent wire­less stake and in net­work Hil­ton tech­nolo­gies,World­wide Hold­ings was fin­ishedInc onMon­day.in Septem­ber, with the In par­tic­i­pa­tion­the first half of of this ma­jo­ryear, Chi­nese tele­com made com­pa­nies,59.03 in­clud­ing­mil­lion trips Huawei abroad, Tech­nolo­giesup 4.3 per­cent Co year-on-year,Ltd, Eric­s­son AB, ac­cord­ingZTE Corp, to the Sam­sung China Elec­tron­ic­sNa­tional Touris­mCo Ltd Ad­min­is­tra­tio­nand Nokia Corp, data. said That Wen rep­re­sentsKu, di­rec­tor a of the tremen­doust­ele­com op­por­tu­nity de­vel­op­ment for de­part­men­tHNA, in­dus­try in the ob­serversmin­istry. said.

TheIn 2013, par­ent the of gov­ern­men­tHainan Air­lines es­tab­lishedCo Ltd, the China’s IMT-2020largest pri­vate(5G) Pro­mo­tion­air­line, also Grouphas in­ter­ests to boost in sys­tem­at­ic­ship­ping. pro­mo­tion of Hil­ton5G. The said ex­per­i­men­talin a state­ment stage onMon­dayof 5G will that­last HNA three bought years the from stake 2016 fromto 2018,its big­gest be­fore share­holder Black­stone Group LP for $6.5 bil­lion, or $26.25 per share, in cash.

The trans­ac­tion is ex­pected to close in the first quar­ter of 2017. Post-deal, Black­stone’s stake will likely fall to around 21 be­ing per­cent, com­mer­cial­ly­which could rolled­make HNAout in the 2020. sin­gle largest share­holder “Do­mes­tic in­Hil­ton. and in­ter­na­tional The Hil­ton chip­mak­ers­deal would and boost in­stru­ment­the value en­ter­pris­esofHNA’s over­seas will be in­tro­ducedas­sets, whichin is the cur­rently sec­ond es­ti­mat­ed­phase, whichto be fo­cus­es­more than on 600 tech­ni­cal bil­lion so­lu­tions,yuan ($90to boost bil­lion). the de­vel­op­ment of the 5G in­dus­tri­alHNA has chain. stakes in, We or ex­pec­t­o­p­er­ates, the ex­per­i­mentsnearly 2,000 at ho­tel­sthis stage glob­ally, will be fin­ished in­clud­ing by the var­i­ousend of brand­snext year,” of said lux­ury Wen. and busi­ness China’s ho­tels. 5G The re­search in­vest­ment and in­Hil­ton­test­ing is is keep­ing ex­pected paceto help with it to the in­crease­world an­dits con­trol­will fur­therover high-end strengthen ho­tel tech­nol­ogy brands R&D, and lux­ury co­op­er­a­tion prop­er­ties.and in­te­gra­tion through“By in­vest­ingthe ex­per­i­ments,in Hil­ton, HNA es­pe­cial­ly­can uti­lizein for­mu­lat­ingthe over­seas a net­work­suni­fied glob­alof the 5G ho­tel stan­dard chain,to and boost launchthe de­vel­op­mentsome high-endof the travel tele­com pack­ages in­dus­try, ac­cord­ing bundling flightto Wen. tick­ets and ho­tel rooms. Global It re­search­can also bringon 5Ga stan­dards started in March. largeIt is es­ti­mat­ed­num­ber of that cus­tomer­s­the first to Hil­ton ver­sion and will helpbe com­plete­dit to ex­pandin in 2018, theChi­nalay­ing mar­ket,” a foun­da­tion­said Lin­for Zhi­jie,the com­mer­cialan avi­a­tion use in­dus­tryof 5G in an­a­lyst­the fu­ture. and colum­nist at Carnoc.com, MIIT chief one en­gi­neerof China’s Zhanglargest Feng civil said avi­a­tion­the coun­try­web por­tals.is set to In pro­moteApril, HNA re­search agreed andto ac­quire break­throughs Min­nesota-basedin some key Carl­sonHo­tel tech­nolo­gies Group, re­gardinga glob­al5G gi­ant tech­nol­ogy.and the owner of the Radis­sonChina has and at­tachedCoun­try Inns&great Suites im­por­tance chains. to HNAis5G in al­soits 13th the big­gest Five-Year share­hold­erPlan (2016-20),in Span­ish­with the hote­lieraim of com­mer­cial­iz­ingNH Ho­tel Groupit SA.by 2020.

Lin Luo Zhen­dong,said HNA se­nior hopes en­gi­neer its string fro­mof China over­seas Acad­emy ac­qui­si­tion­sof Telecom­mu­ni­ca­tion­will con­nect the Re­search avi­a­tion of MIIT and and tourisma 5G ex­pert, in­dus­try­said chains.China was Be­sides, makin­git plansa ma­jor to en­hance con­tri­bu­tion­its ap­pealto the newas a on­estop­gen­er­a­tion trav­elof ser­vice wire­less by com­mu­ni­ca­tion of­fer­ing air trans­port, and travel ser­vices agen­cyand ser­vices,the tech­no­log­i­cal­ho­tels, fi­nance,gap with­pay­ment de­vel­oped sys­tems coun­triesand re­late­dis also tech­nolo­gies.nar­row­ing.

HNA’sChina has Hil­ton more stake than deal,686 ex­perts mil­lion said,4G users,also ap­pears ac­count­ing to be part­for 52.1of its per­cent on­go­ing of ef­fort mo­bile to ex­pand­phone usersin bothin the do­mes­tic­first three and over­seasquar­ters mar­kets.of the year.


the share of 4G mo­bile phone users in the first three quar­ters of this year in China

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.