Rumors are circulating that the Ministry of Industry and Information (MII) has submitted its post-restructuring upper management plan for Chinese telecom companies. Current
China Mobile (NYSE: CHL; 0941.HK) president Wang Jianzhou will become China Mobile''s chairman, with China Unicom''s (NYSE: CHU; 0762.HK; 600050.SH) Chang Xiaobing becoming China Mobile''s president.
Wang Xiaochu will stay on as chairman of China Telecom (NYSE: CHA; 0728.HK), with former head of the MII''s Telecommunications Administration Bureau, Su Jinsheng, becoming China Telecom''s general manager.
China Netcom''s (NYSE: CN; 0906.HK) Zhang Chunjiang will become China Unicom''s chairman and Shang Bing will continue as president of China Unicom.
A spokesperson for the MII refused to confirm or deny the rumors.
Source:C114
