Deals
China Explores Megamerger of Mobile-Phone Carriers
- Merger of Unicom with China Telecom is said to be reviewed
- Trade war hastening China’s urgency to develop 5G, people say
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China is exploring a merger between two of the nation’s three wireless carriers, according to people familiar with the matter, as the nation seeks to speed up the development of 5G and gain an advantage over the U.S. in the race to dominate the mobile technology.
The country’s top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp. but no decision’s been made and a merger may not happen, said the people, who asked not to be identified discussing a private matter.