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- China’s Telecommunications Network Shake-Up Should Yield Positive Results - Editor, 28 July 2008
One of China’s two main fixed-line operators, China Telecom (listed on New York Stock Exchange and Hong Kong Stock Exchange), has entered into an agreement for the acquisition of China Unicom Ltd’s CDMA wireless business, including its 43 million mobile subscriber customer base, for an amount of 43.8 billion yuan. Moreover, China Telecom’s parent company, China Telecommunications Corp, will acquire the CDMA wireless network from China Unicom Ltd’s parent company, China United Telecommunications Corp, for an amount of 66.2 billion yuan.
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