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SASAC Details Support Options for China Telecom

Sohu IT, 6/06/08

Lu Qijun, deputy head of the new industries department at the State-owned Assets Supervision and Administration Commission (SASAC)'s research center, has said that as the telecom industry restructuring will place a significant burden on China Telecom (NYSE: CHA; 0728.HK), the government may opt to provide support via an injection of capital, a preferential return to an A-share listing, or soft loans. Lu said that preferential policies may also be used - for example favoring China Telecom in cross-network Internet and telecom settlement arrangements.

Keywords: Lu Qijun government support 0728.HK A-share CHA China Telecom Internet restructuring SASAC telecom wireless


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