Fixed and mobile communications giant China Telecom Corporation Limited announced that on 22 August 2012 it entered into an agreement with its parent company, China Telecommunications Corporation (or China Telecom Group), to purchase certain CDMA network assets owned by the parent which it currently leases, including 2G/3G CDMA infrastructure covering 30 provinces, municipalities and autonomous regions in the People’s Republic of China (not including Xizang Autonomous Region).
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OVETEL China Telecom agrees to buy CDMA network assets from parent
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