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Article: China Telecom plans to buy Beijing Telecom for $792.27 million.(TOP NEWS)
- Article from:
- China Telecom
- Article date:
- April 1, 2008
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China Telecom, the largest landline service provider in the country, has announced that it is willing to pay $792.27 million to buy Beijing Telecom, an affiliate of its state parent. The telecom firm said that the buyout of Beijing Telecom would enable it to improve its competitiveness.
This acquisition assumes ...