Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: China Telecom to Establish Own Terminal Company

The Beijing News, 7/03/08

According to the operations department of the company, China Telecom (NYSE: CHA; 0728.HK) headquarters has issued a memo stating that it will establish its own terminal company. Reportedly, China Telecom Holdings will invest in the company, which will be a second-level department and will be responsible for mobile terminal orders and procurements, and will be overseen by the company's client division, basically copying the model of Unicom Huasheng. Many equipment manufacturers have already entered talks with China Telecom.

Editor's Note: Previous reports said that Unicom would not sell its handset procurement subsidiary, Unicom Huasheng, to China Telecom. For more background on this topic, please see "Rumor: Huasheng to Stay in Unicom", MD 6/30/08 issue.

Keywords: restructuring 0728.HK CHA China Telecom Huasheng procurement telecom 0762.HK 600050.SH China Unicom CHU mobile phone wireless

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports