China Telecom considers overseas acquisitions

Nieuws Algemeen China 29 SEP 2010
China Telecom considers overseas acquisitions
China Telecom is considering opportunities for overseas acquisitions and is in talks with three Indian telecommunications firms to establish a cable connection between China and India. China Telecom is awaiting approval from the Indian government to establish a representative office in New Delhi, the Wall Street Journal writes citing Deng Xiao Feng, chairman and chief executive of China Telecom's Hong Kong-based international arm. The company is currently cooperating with Bharti Airtel, Reliance Communications, and Tata Communications to establish a cable connection over land between the countries. The company will further "closely examine" opportunities to expand through acquisition in Asia Pacific.

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