CHINA TELECOM TO REFORM AHEAD OF IPO - REGULATOR
AsiaInfo Services, May, 2001
AsiaInfo Services 05-23-2001 China Telecom to reform ahead of IPO - regulator CHINA, May 23, 2001 (AsiaPort via COMTEX) -- China's telecoms regulator said Monday China Telecom will undergo major changes ahead of the dominant fixed-line carrier's planned US$5-7 billion overseas listing. China Telecom had not decided how or when it would change, although it would "want to do so quickly," a Ministry of Information Industry (MII) spokeswoman said. "Right now, they're taking ideas from all sides on how to reform," the spokeswoman said. China Telecom, which plans a global share offering and a dual listing in Hong Kong and the United States, would undergo reform to become more competitive in China's slowly liberalising telecoms market, she said. China Telecom...
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