Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Roadmap for Telecom Restructuring Unveiled

Hexun Stock, 1/10/08

A draft roadmap for the restructuring of the Chinese telecommunications industry is rumored to state that China Tietong will be merged into China Mobile (NYSE: CHL; 0941.HK), with vice-minister of the Ministry of Information Industry (MII), Xi Guohua, moving into a senior position at China Mobile; China Netcom (NYSE: CN; 0906.HK) will be merged into China Unicom (NYSE: CHU; 0762.HK; 600050.SH), and Unicom's CDMA business will be merged into China Telecom (NYSE: CHA; 0728.HK). Netcom president Zhang Chunjiang will move to China Telecom; China Telecom CEO Wang Xiaochu will take up a position with the MII and China Mobile chairman and CEO, Wang Jianzhou, will retire.

It is expected that a formal announcement regarding the commencement of the telecom industry's restructuring will take place by the end of the month.

By the time of publication, China Unicom's domestic A-share price had increased 4.92% and its Hong Kong stock had increased 6.24%.

H-shares of the other telecom operators recorded the following gains and losses:

China Mobile - down 1.9%.

China Telecom - up 1.36%.

China Netcom - down 0.82%.

Keywords: China Mobile CHL 0941.HK China Telecom CHA 0728.HK China Netcom CN 0906.HK MII China Unicom CHU 0762.HK 600050.SH HR Xi Guohua Zhang Chunjiang Wang Xiaochu Wang Jianzhou restructuring timetable A-share H-share telecom wireless


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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