Tag: China Telecom

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China Orders 6 Telecoms to Merge Their Assets

China is restructuring its telecommunications industry by merging the six major players and creating three companies to provide both telephone and Internet access throughout the country. From Bloomberg: Under the plan, the parent of China Telecom will buy a mobile phone network from the parent of China Unicom, which in turn will merge with the company that controls the China Netcom Group, the Ministry of Industry and Information said in a statement on Saturday. China will