HomeChina Stock News China Telecom promises A-share listing if mobile operation license approved
China Telecom promises A-share listing if mobile operation license approved
Written by Administrator
Wednesday, 29 August 2007
BEIJING, Aug. 29 (InfoChina) – “China Telecom will announce to return to the domestic A-share market as long as the company gets a mobile service operation license,” said Wang Xiaochu, chairman and CEO of China Telecom (NYSE: CHA) at press release on August 28.
Wang showed that any new growth points, such as 3G business, mobile operation license and IPTV, would make China Telecom consider the return to the A-share market.
Chinese government has final say in issuing 3G licenses or restructuring the telecom industry.
China Telecom has sound cash flow in the January-June 2007 period, up 2.3 percent over a year earlier to 19.356 billion yuan by June end. (Edited by Lin Fanjing,
)
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