China Mobile may acquire Tietong's fixed-line assets

China Mobile may acquire the fixed-line assets of China Tietong, the South China Morning Post reported, citing industry sources. China Tietong, which owns networks along China’s railroads, was ordered to be merged with China Mobile as part of the nationwide telecom restructuring announced last month, but the specifics of that merger have not been determined. Industry sources suggest that China Tietong could split into railway communications, communications service, and retail and internet connectivity businesses. Chinese regulators said earlier this week that China Mobile was required to submit a merger proposal by the end of July.