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China Telecom to speed expansion

Updated: 2012-11-14 07:59
By Ding Qingfen and Shen Jingting ( China Daily)

But analysts say rising protectionism may foil firm's overseas ambition

China Telecom Corp Ltd, the nation's biggest fixed-line operator by revenue, will step up the pace of its overseas expansion and expects its global business unit to have 10 billion yuan ($1.6 billion) in sales this year, according to the company's chairman.

China Telecom has seen its overseas business develop rapidly, especially after the company set up a global business subsidiary - China Telecom Global Ltd - in August, said China Telecom Chairman Wang Xiaochu on Monday.

China Telecom to speed expansion