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三大电信运营商有望会师A股 - 2021年06月04日
Exodus from US to give Chinese telecoms firms new pots of money to expand
The three heavyweight carriers of China telecommunications – China Mobile, China Telecom and China Unicom – are headed for a "reunion" in Shanghai after they were delisted from the New York Stock Exchange.
China Mobile, the world's biggest mobile carrier by subscribers, announced last month that it will seek an initial public offering in Shanghai, reportedly to raise about 50 billion yuan (US$7.7 billion). The carrier, which has 940 million phone and broadband subscribers, said it plans to use the proceeds to upgrade and expand its fifth-generation (5G) phone network.
The company will be joining China Telecom, which announced in March that it plans to list up to 12 billion shares on the Shanghai exchange, seeking to raise about 54 billion yuan.