The China government has announced plans to create three new telecom giants according to AFP.
The move by the Chinese government is aimed to balance the telecom industry in China as mobile providers continue to trounce fix-line operators.
Specifics of the plan include China Mobile acquiring China Tietong Telecommunications Corp; China Telecom acquiring the mobile portion of China Unicom and China Satellite Communications Corp; and remainder of China Unicom merging with China Netcom.
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