On 5 December, China Netcom Group System Integration Limited Corporation entered into the Equity Interest Transfer Agreement with China Netcom Group Beijing Communications Corporation to procure the entire equity interest of Beijing Telecommunications Planning and Designing Institute Corporation Limited. The Acquisition was completed on December 31, 2007

On 1 November, the opening ceremony of China Netcom (Europe) Operations Limited was held in London

On 15 August,China SecTrust Corporation Limited, a wholly-owned subsidiary of China Netcom Group, was incorporated, which will be engaged in certificate authority (CA) service and on-line information security service.

On 28 February, the Company disposed its telecommunications assets, liabilities and business operations in Guangdong Province and Shanghai Municipality.

On 25 January, China Netcom (Japan) Operations Corporation was incorporated in Japan.

On 22 August,the Company completed the disposal of Asia Netcom Corporation Limited (“Asia Netcom”), one of our wholly-owned subsidiaries.

On 30 April,China Netcom Group System Integration Limited Corporation was incorporated as a subsidiary of the Company, to provide integrated information and communications technology services to corporate customers.

On 29 March,China Netcom Group Broadband Online Limited Corporation was incorporated as a subsidiary of the Company, dedicating to broadband content and applications

On 6 March,the Company became a constituent stock of Hong Kong’s Hang Seng Index.

On 14 November,the Company and Telefónica Internacional S.A. signed a strategic alliance agreement, pursuant to which Telefónica Internacional S.A. seeks to increase its shareholding in the Company and discuss strategic cooperation with the Company in a broad range of fields.

On 12 September,the Company signed an acquisition agreement with China Netcom Group to acquire its telecommunication assets and businesses in the provinces and regions of Heilongjiang , Jilin, Neimenggu and Shanxi. The acquisition was approved at an Extraordinary General Meeting held on October 25. Through this acquisition, we will further consolidate our dominance in the northern service region market.

On 21 July,the Company and Telefónica, S.A. entered into a Memorandum of Understanding on Cooperation with the aim of seeking cooperation in various areas.

On 17 November, the Company' ordinary shares were first listed on the Hong Kong Stock Exchange

On 16 November, the Company's American depositary shares were first traded on the New York Stock Exchange.

In June, restructuring of China Netcom completed by which China Netcom obtained its assets and business at time of the initial public offering.

In April,China Netcom Group obtained the shareholding interest of China Netcom Holdings, and became the holding company of China Netcom Corporation (BVI) Ltd (CNC BVI) and China Netcom Corporation (Hong Kong) Limited. After that, CNC BVI was renamed as China Netcom Group Corporation (BVI) Limited and China Netcom Corporation (Hong Kong) Limited was renamed as China Netcom Group Corporation (Hong Kong) Limited.