BT (NYSE: BT) sees China as a major area of growth so this week it's meeting with China Telecom's executives to discuss how the two service providers could collaborate with one another.
News of BT striking a possible collaboration with China Telecom, the smallest of China's three main telecom service providers, comes only days after BT announced it was ramping up the first piece of its Asia Pacific growth program.
Clive Selley, BT's CIO is going to meet with China Telecom's executives to discuss how the two service providers could develop a fiber broadband alliance. Like BT, China Telecom is also aggressively building out its own Fiber to the Home network.
However, Selley would not divulge any specific cross-investment between the two service providers according to Reuters. Unlike China Unicom and China Mobile, China Telecom is the only service in China's incumbent telecom provider trio that does work with an international partner like BT. Telefonica (NYSE: TEF) currently owns a stake in China Unicom, while Vodafone (LSE: VOD.L) decided to sell its three percent stake of China Mobile to get rid of investments that aren't core to its business.
For more:
- Reuters has this article
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