The Empirical Research on Carrying out Financial Transformation of Telecommunication Companies

With the providing of internationalization strategy in 2000, the telecommunication companies in China took active actions to implement the internationalization strategy as largescale centre enterprises. With the further reduction of profitability on telecommunication companies, stockholders don´t reduce the requirement on ROI. The dual pressure of market competition and capital market force the communication companies to make financial transformation and focus on cash flow and value-added. Its aim is to win victory in the fierce competition by realizing the integration of growth management, cost management and risk management to sustain strategy transformation and business transformation. This paper makes the analysis on the status and problems of carrying out financial transformation on telecommunication companies based on practical research and providing the paths of financial transformation.