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Rumor: MII Submits Plan for Telecom Personnel Reshuffle
C114, 5/09/08
Rumors are circulating that the Ministry of Industry and Information (MII) has submitted its post-restructuring upper management plan for Chinese telecom companies. Current China Mobile (NYSE: CHL; 0941.HK) president Wang Jianzhou will become China Mobile's chairman, with China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) Chang Xiaobing becoming China Mobile's president.
Wang Xiaochu will stay on as chairman of China Telecom (NYSE: CHA; 0728.HK), with former head of the MII's Telecommunications Administration Bureau, Su Jinsheng, becoming China Telecom's general manager.
China Netcom's (NYSE: CN; 0906.HK) Zhang Chunjiang will become China Unicom's chairman and Shang Bing will continue as president of China Unicom.
A spokesperson for the MII refused to confirm or deny the rumors.
Keywords: Su Jinsheng, 0728.HK, 0762.HK, 0906.HK, 0941.HK, 600050.SH, CHA, Chang Xiaobing, China Mobile, China Netcom, China Telecom, China Unicom, CHL, CHU, CN, MII, Ministry of Industry and Information, restructuring, Shang Bing, telecom, Telecommunications Administration Bureau, Wang Jianzhou, Wang Xiaochu, Zhang Chunjiang, wireless
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