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Rumor: China Telecom to Acquire CDMA in Late March

China Times, 2/02/08

An alleged timetable for China Telecom's (NYSE: CHA; 0728.HK) purchase of China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) CDMA network has been leaked. According to the schedule, an official announcement will be made in mid- or late-March, with calculation of costs and transfer of equipment taking place from March to August. A telecom industry restructuring would be officially announced in September, with China Unicom and China Netcom (NYSE: CN; 0906.HK) merging and China Mobile (NYSE: CHL; 0941.HK) acquiring China Tietong.

Keywords: 0728.HK 0762.HK 0906.HK 0941.HK 600050.SH CDMA CHA China Mobile China Netcom China Telecom China Tietong China Unicom CHL CHU CN restructuring telecom timetable wireless


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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.

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