Great Wall Broadband Internet users suspected of extensive network disconnection: contact customer service failed to connect

Yesterday night, many netizens reported on Weibo that Great Wall Broadband was disconnected and the customer service phone could not be reached.

According to netizens, the network disconnection incident is suspected to have occurred in many places across the country . From the point of view of the coordinates, netizens in Tianjin, Zhengzhou, Chongqing, Wuhan, Shijiazhuang and other places are all disconnected.

In September of this year, Dr. Peng Telecom Media Group Co., Ltd. issued an announcement on the transfer of subsidiary equity, stating that the company intends to transfer its wholly-owned subsidiaries Great Wall Broadband Network Service Co., Ltd., Henan Juxin Network Information Service Co., Ltd., and Shenyang Peng Network Information Service Co., Ltd. Service Co., Ltd. and Zhejiang Dr. Peng Network Service Co., Ltd. own 100% of the shares, and the total transfer price is 1 million yuan.

After the completion of this transaction, the company will still retain the Internet access business in Beijing, Shanghai and Shenzhen. This transaction did not constitute a connected transaction, nor a major asset reorganization.

According to the data from Tianyan Check, Great Wall Broadband was established in April 2000 with a registered capital of 900 million yuan. Dr. Peng Telecom Media Group holds 100% of the shares.

Great Wall Broadband was once the country's largest private broadband operator, with tens of millions of users. According to the financial report, Great Wall Broadband had a net profit of 324 million yuan in 2015 and 284 million yuan in 2016, but it shrank sharply to 160 million yuan in 2017, and it turned into a loss of 186 million yuan in 2018.

Official data show that as of 2018, Great Wall broadband has 14 million household users and 500,000 corporate users.