Report: China to consolidate telecoms into 3 firms

According to a report from the Wall Street Journal, the Chinese government may consolidate its six telecom firms into three as part of a restructuring of the telecom industry in that country. The restructuring would allow the three remaining state-run companies to offer a full range of services instead of being divided into fixed-line, mobile or other groups. The move would affect China Mobile, China Unicom and China Netcom. Analysts expect a final decision on the restructuring by the end of March.

For more on the report:
- read the article [1] over at the WSJ