Following reports that China Telecom was close to selling a stake to a foreign strategic investor, China's largest fixed-line operator says it has indeed been approached by five foreign, interested parties but said that uncertainty around 3G licensing in China and rules on IPTV need to be resolved before it could get more involved in talks with potential investors. Reports had said that Japan's NTT DoCoMo, France Telecom, Verizon Communications, Deutsche Telekom and Singapore-based SingTel were potential suitors. You can bet that investors are clamoring for a piece of China Telecom as China is a high-tech market relatively untapped by foreign investors.
Read more about China Telecom's potential suitors:
- at the GlobalInsight Web site
- 3G in China is big money
- SK Telecom invests in China Unicom