Telecom merger may attract foreign players

June 04, 2008 | BY

clpstaff &clp articles

Restructuring of the telecom market may lead to joint ventures with overseas companies

The Ministry of Industry and Information, the National Development and Reform Commission and the Ministry of Finance have issued a joint statement to confirm the merging plans in the telecommunications sector, saying that the six telecommunications operators would merge into three.

Robert Lewis, managing partner at Lovells, said that the restructuring would lead to some positive changes for consumers and for the Chinese market.

“In the short term, China Mobile will become stronger because they will now have two smaller rivals instead of one strong competitor. In the long term, consumers will get more choices,” he said.

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