China’s Telecom Restructuring May Be Under Way

From AP:

’s biggest mobile phone company will take over a smaller fixed-line carrier, a state news agency said Friday, in what was expected to be the start of a sweeping industry restructuring.

China Mobile Communications Corp. will acquire Communication, also known as Tietong, the Xinhua News Agency said, citing information from state-owned China Mobile.

Regulators are believed to be preparing a series of mergers that will link up China’s fast-growing mobile carriers with fixed-line partners to invigorate . Fixed-line carriers have seen demand slump as new customers opt for mobile service.

Read also China Mobile gets approval for fixed-line services by
Leo Lewis

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