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