China Telecom holds talks with parent over mobile units

Market leader China Telecom is negotiating to acquire seven mobile telephone networks from its parent, as domestic competition heats up and foreign operators prepare to enter after China''s WTO debut.

Toni Clarke

June 26, 2000

China Telecom (Hong Kong) Limited says it is in talks to acquire seven mobile phone companies from its parent, China Mobile Communications. The move would boost its subscriber base by 56% to at least 32 million and increase its attractiveness to potential partners once China enters the World Trade Organization.

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