A former deputy general manager at China Mobile has been sentenced to death by the Chinese state, having been found guilty of corruption. Zhang Chunjiang, who was detained late in 2009, confessed to having accepted US$1.16m in bribes between 1994 and 2009.
The ongoing saga involving leading Hong Kong operator PCCW took a new turn on Tuesday as tycoon Richard Li offered to privatise the company under a $1.9bn deal. In partnership with 20 per cent PCCW stakeholder China Netcom and Li’s other investment vehicle, Pacific Century Regional Developments (PCRD), Li is proposing to buy out minority [...]
Spanish carrier Telefonica said Friday that it has raised its holding in Chinese fixed line operator, China Netcom, from 5 per cent to 7.22 per cent, at a cost of Eur309m. Reports suggest that in the future, Telefonica intends to raise its stake to 10 per cent or more. A number of overseas carriers, Telefonica [...]