In June, China Telecom, China Unicom, and China Netcom announced detailed restructuring plans that will change the landscape of China's telecom industry. Fixed-line operator China Telecom will acquire China Unicom's CDMA business with cash. China Unicom's remaining GSM assets will merge with fixed-line operator China Netcom in a stock exchange to form the new China Unicom. For China's dominant mobile operator China Mobile, there is little structural change other than its parent company's acquisition of China Railcom, a relatively small fixed-line operator.
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