China Telecom Corporation has announced plans to increase the pace of its overseas expansion following its establishment of its international business arm China Telecom Global earlier this year. China Daily reports that Telecom aims to reach a target of CNY10 billion (USD1.595 billion) in global sales for the full year, compared to CNY6.7 billion in 2011. The company’s chairman Wang Xiaochu added the telco is looking to expand globally in the future through mergers and acquisitions.
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