China Netcom Group said it has shifted into high gear in its plans to go public on Hong Kong and New York stock markets by the middle of this year.
China Netcom, the only one of China's four major telecom operators that has not been listed, said it was in talks with various major investment banks.
In November, Netcom International was established as the branch dealing in international-related businesses and in late December Netcom North was set up to run business in China's 10 northern provinces. Netcom South will be officially unveiled on January 15.
The company has so far recruited 95 million telephone subscribers, including 10 million Xiaolingtong wireless phone users and 3 million broadband users.