Telecom Operators to Reach Reconciliation with Antitrust Probe
(Beijing) -- Following a monopoly investigation by the National Development & Reform Commission, China Telecom and China Unicom are likely to soon reach a deal with the investigator, Caixin has learned from a source close to the matter.
The two state telecom carriers may admit wrongdoing and promise to clean up their act, bringing an end to the antitrust probe by the NDRC, the country's top economic planning body, according to the source.
- Sign up to receive our free daily newsletter
- How the Hammer Falls as China Nails Corruption
- CNPC Continues to Be Hit by Scandal as Two More Executives Fall
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- What Li Keqiang Asks in Meetings with Economists
- Why Do Foreign Brands 'Break Bad' in China?
- Alibaba Said to Delay New York Listing until after Labor Day
- Sheila Patel: Investors Should Be 'Positive' about China Stocks
- Graft Fight Will Take Years, U.S. Expert Says, but China Is Heading in Right Direction
- CDB Said to Get 1 Tln Yuan to Back Shantytown Renovation
- CBRC Approves Three Private Banks as Part of Pilot