China reshapes telecom mandates

Merrill Lynch, Morgan Stanley and CICC retain the mandate for China Telecom South as investment banks position themselves to win the northern mandate.

China Telecom South is likely to be the first of four major international capital fundraisings from the Mainland's telecom sector next year, with the leads said to be targeting listing on the Hong Kong and New York stock exchanges by the end of the second quarter. Bankers comment that the pecking order and exact structure of the four deals from - China Telecom South, China Mobile, China Unicom and China Netcom CT North - will be critical if China is...

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