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Listed China Telecom to Absorb 20 Subsidiaries

Sohu IT, 1/11/08

China Telecom's (NYSE: CHA; 0728.HK) listed subsidiary has announced an extraordinary shareholder's meeting for February 25 to consider absorbing 20 of its provincial subsidiaries. The branches that would be included are Shanghai, Guangdong, Jiangsu, Zhejiang, Anhui, Fujian, Jiangxi, Guangxi, Chongqing, Sichuan, Hubei, Hunan, Hainan, Guizhou, Yunnan, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang. These subsidiaries have a total of more than 200 million customers.

Keywords: China Telecom CHA 0728.HK M&A telecom

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