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China Telecom Corp Ltd latest news:
China Telecom may spend up to $6 bln to control Brazil's Oi -source
China Telecom Corp may invest up to 20 billion reais to acquire a majority stake in Brazilian carrier Oi SA (OIBRQ), a source with knowledge of the matter told Reuters on Friday. A potential deal would only happen after the debt-laden company, which filed for Latin America's largest bankruptcy proceeding 17 months ago, resolves its disputes with creditors, the source added.
China Telecom mulls participating in Brazil's Oi capital plan
China Telecom Ltd could participate in a plan to inject fresh capital into Oi SA (OIBRQ), the Brazilian phone carrier under bankruptcy protection, a senior executive at the Brazilian firm said on Friday. Ricardo Malavazi Martins, Oi's chief financial officer, said at the sidelines of an event in Rio de Janeiro that both companies signed a confidentiality agreement about the plan.
China regulator says Unicom reform plan does not violate rules, shares surge
HONG KONG (Reuters) - China Unicom's $11.7 billion ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny.
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