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China Mobile acquires China Railway Communication

(Xinhua)
Updated: 2008-05-23 13:57

China Mobile on Thursday released its acquisition plan of China Railway Communication, which would become the former's wholly-owned subsidiary but maintain independent operation.

The announcement confirmed a long-expected industry reshuffle involving another two smaller telecom service providers namely China Unicom and China Netcom.

In an adjustment to the management of China Mobile, former general manager Zhang Chunjiang of China Netcom assumes the deputy general manager's duty of the world's biggest mobile telephone operator,  and leads the company's Party branch.

Wang Jianzhou will remain to be the general manager but serve as the deputy chief of the Party branch.

While all other deputy general managers retain their duties, Zhao Jibin from China Railway Telecom, Li Zhengmao from China Unicom and Zhang Xiaotie from China Netcom have also be appointed as the deputy general managers and members of the Party branch.