Harry - Re: Hong Kong markets --- With notes to Wally, Tomato Man
First things First. Happy B-day to Tomato Man.
Excellent write-up Wally.
And Jim W, I do acknowledge your knowledge of all those hi-tech transmission technologies. But for FNTN for now at least, ISDN will have to do and it is readily available all over the US. Maybe they can get the Singapore and Hong Kong markets with VDSL later on as well. Now that was just the video part of the business.
I am still waiting to hear more about the Intranet information business.
Harry
Harry,
Ouch! My prejudice in bandwidth mediums shows.
Let me say the Telcos over pricing of ISDN is fine for business customers, though for most residential customers it is priced over their budget. Had the US Telcos embraced ISDN 10 years ago, like the European Telcos did, perhaps everyone in the US might be able to afford it. The US Telcos are getting an arm and a leg for 128KPs, is it any wonder they were slow to adopt ADSL 2Mbs - 8Mbps, for a cost of $50 a month.
I should have keep my Residential Bandwidth prejudices out of the post, as it has nothing to do with Business Customers of FNTN.
Your statement "Maybe they can get the Singapore and Hong Kong markets with VDSL later on as well." This got my DD Genes all stirred up, and now look what you have done Harry!
Does anyone else feel it might be a good idea to get Siemens, Hutchison and FNTN together?
Hong Kong is the Financial Center for Asia!
(Sound Familiar)
We very much admire Siemens' eagerness to fulfill the contract. More importantly, Siemens employees put in a lot of effort, not only at the working level, but all the way up to top management. They view this contract with us as more of a strategic partnership than just another supplier-buyer agreement. That's important since in principle we would like to grow with our vendor. And we do intend to work with Siemens for a very long time.
In what other ways do you want to cooperate with Siemens?
We look forward to the good ideas that Siemens can provide us with. And we can give Siemens insight into marketing trends in Hong Kong which the company could then incorporate into its IN platform for sale around the world. We are very innovative, and Siemens has been very open-minded about coming up with software that can meet the demands of local markets. The beauty of our business relationship with Siemens is that we can both benefit.
w2.siemens.de
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In order to compete in the fixed network market and introduce new telecommunications services in Hong Kong, Hutchison has installed a Siemens intelligent network (IN). It is scheduled to start operating on July 1, 1995. To be able to offer its customers the best possible services for the introduction of the intelligent network, Hutchison conducted extensive studies and investigations covering all the world's major manufacturers.
The IN will be operating in the background in an already existing network. It allows the provider to supply users with value-added services that offer additional facilities beyond pure speech transmission. On a broad basis, Hutchison intends to offer its customers around 40 services, some available for the first time anywhere in the world, and never available in such a wide variety.
w2.siemens.de
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Official figures showed that the number of German companies
with subsidiaries in Hong Kong has increased by 20 percent since
1990. Hong Kong is now the seventh-largest trading partner with
Germany with a trade volume of 10 billion U.S. dollars annually.
Heinrich v. Pierer, head of Germany's largest electronics
company Siemens, today also voiced confidence in Hong Kong's
future.
In an interview with Xinhua, Pierer said that the success of
Hong Kong is based on a liberal economic system, and the
flexibility as well as the enterpreneurship of its population
which can be now combined with the economic expansion of the
mainland. "There emerges an additional potential," he added.
Pierer, who is also chairman of the Asian-Pacific Committee of
German Economy, noted that Hong Kong's return will also certainly
further deepen the existing close trade and economic relations
between China and Germany.
According to Pierer, Siemens has managed to achieve an average
annual growth rate of 40 percent in the past 10 years in Hong Kong
and is planning to expand its presence there in the belief that
its business with Chinese firms in Hong Kong and with the
surrounding areas will expand further.
hk1997.china.com
Notes
Gee Wally! That was Great!
Thanks for your excellent Report. I also enjoyed your post documenting your questions to Bob Grenier of Siemens.
Message 5843228
The best quote:
"My goal is to make FNTN a Multi-Media showcase and a conduit for new emerging technologies and applications... a goal shared by my European counterparts."
The Best is saved for last.
Tomato Man,
Since this post was mainly about Hong Kong, Population Chinese.
Soone Saylee - qui ni
Soone Saylee - qui ni
Soone Saylee - qui ni Tomato Man
Soone Saylee - qui ni.
Happy Birthday to you
JW@KSC
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