China Mobile to acquire fixed line telecom business of sister company

Q.  China’s biggest wireless carrier China Mobile has indicated on 27th November 2015 that it will acquire which company’s fixed line telecom business?
- Published on 30 Nov 15

a. Tie Tong
b. Die Tong
c. Sie Tong
d. None of the above

ANSWER: Tie Tong
 
The larges wireless carrier in China, China Mobile on 27th November 2015 has indicated that it will acquire sister company Tie Tong’s fixed line telecom business for USD 4.99 billion to boost its business presence in China. CMTie Tong which is the wholly acquired subsidiary of China Mobile has agreed to acquire fixed line telecom business from Tie Tong.

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