 "5G-based revenues to touch $269 billion by 2025")
Look to the US to understand why China is considering merging two of its three telecom operators.
China's top leaders are reviewing a proposal to combine China United Network Communications Group Co. and China Telecommunications Corp., Bloomberg News reported Tuesday. Shares of the state-controlled companies' Hong Kong-listed units climbed more than 4 per cent.
Speculation of a merger has been around for years, goosing the stocks as recently as February 2015. The purported logic then was leveling the playing field between market leader China Mobile Ltd. and the two smaller players.
This time around, there's good reason to believe a
