China Telecom, Unicom Shuffle Execs, Fueling Merger Speculation
The smaller two of China’s three major wireless carriers have announced a series of top executive moves simultaneously, fueling speculation that Beijing could be contemplating a merger between China Telecom and China Unicom.
China is the world’s largest mobile market with more than 1 billion subscribers, nearly all getting service from the three big carriers — China Telecom, Unicom and industry leader China Mobile. China Mobile is the dominant player in the group, controlling about 60% of the market, leaving the rest with Unicom and China Telecom combined.
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