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Rumor: Telecom Restructuring to Be Announced Mid-May

21st Century Business Herald, 5/08/08

A source close to China Telecom (NYSE: CHA; 0728.HK) executives has said that reorganization plans will be revealed in mid-May - possibly May 17 - with personnel arrangements currently crucial. He added that confirmation is awaited on the executive team for China Mobile (NYSE: CHL; 0941.HK), with the placement of China Unicom (NYSE: CHU; 0762.HK; 600050.SH) chairman Chang Xiaobing also a focus of attention. On this occasion a program for the reorganization and personnel arrangements may be released, with the actual movement of networks and assets possibly to be delayed until after the Olympics.

Keywords: 0728.HK 0762.HK 0941.HK 600050.SH CHA Chang Xiaobing China Mobile China Telecom China Unicom CHL CHU Olympics restructuring telecom wireless

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