Saturday, May 24, 2008

China Mobile to take over China Railcom

China Mobile, the world's biggest cellular carrier by users, will take over China Railcom, as part of a long-awaited overhaul of the country's telecommunications industry, Xinhua news agency said on Friday.

Xinhua said the chairman of China Mobile, Wang Jianzhou, would head the combined company.

China Railway Communication Co Ltd was shifted from the aegis of Ministry of Railways in 2004 to the administration of the State-owned Assets Supervision and Administration Commission (SASAC).

No comments:

Enter your email address:

Delivered by FeedBurner