China Telecom Breakup Complete by Year's End, Mobile Communications by 3Q
(5/24/99) The breakup of China's telecommunications monopoly, China
Telecom, will be complete by the end of the year, and its mobile
communications operations will be spun off by the third quarter, said
Wu Jichuan, the head of China's Ministry of Information Industry,
according to the May 21 Zhengquan Shibao (Securities Times).
The restructuring will split China Telecom into three separate
companies by sector -- China Fixed-line Telephone Company, China
Mobile Communications Company, China Satellite Communications,
and China Paging Company.
So far, only the paging services of China Telecom have been formally
split. Wu said the separation of the paging company is nearly
complete, with China Unicom, the country's number two telecom
provider, assuming these services.
Wu also said his ministry would distribute guidelines to provincial
authorities to help in the restructuring process, as well as ask officials
for their input and suggestions.
© ChinaOnline 1999.
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