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Article: CHINA TELECOM DENIES RUMOUR ON ASSETS PURCHASE FROM PARENT CO.
- Article from:
- AsiaPulse News
- Article date:
- September 20, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Sept 20 Asia Pulse - China's largest fixed-line service operator China Telecom Corp. Ltd. (SEHK:0728, NYSE:CHA), listed on the Hong Kong and New York stock exchanges, on Wednesday denied speculation that the company would spend four billion yuan (US$532 million) to purchase Beijing Telecom from its parent company, the China Telecom Group.
"China Telecom hasn't held any discussions on the asset purchase with the parent company yet," William Li, a senior manager from China Telecom's investor relations department, told China Securities Journal, a newspaper run by Xinhua News Agency.
Media reports on Tuesday said China Telecom planned to purchase ...