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Monday, January 31, 2005

Reports of plan to break up Unicom denied, FT.com, 28 Jan 2005

“The body that controls China's biggest companies on Friday denied widespread reports of a plan to break up the country's number two mobile phone operator, saying no decision had been made on how to restructure the state-controlled telecoms sector. The unusual statement by the State-Owned Assets Supervision and Administration Commission (Sasac) offered a boost to Hong Kong and US-listed China Unicom, which has in recent weeks become the focus of heated speculation about a possible impending telecoms shake-up.�

Full story at http://story.news.yahoo.com/news?tmpl=story2&u=/ft/20050128/bs_ft/7ff1db28715211d9a5d600000e2511c8

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