China Telecom in Talks with Foreign Companies

Source: www.ft.com

China Telecom said Wednesday it was in talks with five overseas telecoms groups interested in taking strategic stakes in the country’s largest fixed-line operator.

China Telecom is the only big-four telecoms operator on the mainland that has not teamed up with a foreign company. Wang Xiaochu, chairman and chief executive, said the company would not pick a partner until it was granted a 3G mobile licence.

Editor: Harry Bai