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China Mobile Absorbs Tietong, Announces Industry Restructuring
Sotck Star, 5/23/08
A spokesperson for China Mobile Communications Corporation (CMCC), the parent company of China Mobile Ltd (NYSE: CHL; 0941.HK), has confirmed that China Tietong will be absorbed into CMCC as a wholly-owned subsidiary, though it will continue for now to maintain "relatively independent" operations. Read More
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