Rumor: China Telecom to Spin Off Best Tone
CCID, 8/16/10
According to a source within China Telecom (NYSE: CHA; 0728.HK), deputy GM Yang Xiaowei disclosed at a recent interim meeting that China Telecom is considering spinning off directory service subsidiary Best Tone, though no specifics were mentioned. Yang also said that Best Tone aims to become a major e-commerce business.
Keywords: Yang Xiaowei China Telecom directory e-commerce wireless Best Tone 0728.HK CHA spin-off mobile search