Phase One of China’s Telecom Overhaul: China Unicom, China Telecom Corp. and China Netcom Swap Assets
Jun 2nd, 2008 | By Mike Caggeso | Category: Emerging MarketsWasting no time with China’s government-executed telecom restructuring, telecommunications giant China Unicom Ltd. (ADR: CHU) agreed to sell the smaller of its two wireless networks to fixed-line titan China Telecom Corp. Ltd. (ADR: CHA) for nearly $16 billion.
