Thursday, May 26, 2005

China Telecom Seeks Foreign Strategic Partner

From Herald Tribuen: China Telecom seeks partner for expertise

"China Telecom, China's biggest fixed-line phone operator, said Wednesday that it was seeking strategic partners to expand abroad and to improve corporate governance.

"We need a strategic partner in the long run to help develop our global strategy and improve the company's inner workings," the chief executive, Wang Xiaochu, said at a briefing in Hong Kong after an annual shareholders' meeting. "We don't need their funds."

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