May, 2008

Top management from China Telecom has disclosed to the local media that a measure regarding China's telecom industry restructuring may be released on May, the World Telecommunication Day.

The measure, according to sources quoted in various local media, will probably be published on May, but there might still be some changes on the date as the personnel arrangement has not been fixed. The Chinese government is now quickly organizing a lead team for China Mobile and the arrangement of Chang Xiaobing, current president of China Unicom, is one of the focuses of the personnel arrangement.

Because of all this harried preparation, only the relevant measures and personnel arrangement will be published on May, while the real network separation and asset acquisition will probably be postponed until after the Olympic Games in August 2008.