TELECOM MERGER MAY ATTRACT FOREIGN PLAYERS

| BY

clpstaff &clp articles

The Ministry of Industry and Information, the National Development and Reform Commission and the Ministry of Finance have issued a joint statement to confirm…

The Ministry of Industry and Information, the National Development and Reform Commission and the Ministry of Finance have issued a joint statement to confirm the merging plans in the telecommunications sector, saying that the six telecommunications operators would merge into three.

Robert Lewis, managing partner at Lovells, said that the restructuring would lead to some positive changes for consumers and for the Chinese market.

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