A merger of two of China
MUMBAI: China is betting that bulking up its phone companies will help the country keep its edge in the race for 5G.
A merger of two of China’s three carriers under consideration – China United Network Communications Group Co and China Telecommunications Corp – could make it easier to spend on gear for the next generation of mobile technology, speeding its development. Shares of China Tower Corp dropped for a second day Wednesday, as investors expect it’ll get cut out of infrastructure opportunities with a tie-up.
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