China Telecom

China Telecom, one of the country's three major telecom operators that exited the New York Stock Exchange earlier this year, began taking subscriptions on Monday for a listing on the Shanghai Stock Exchange, in what would be the world's…

While China Telecom did not disclose the price range for the yuan-denominated A shares, it said in an exchange filing on Wednesday that it plans to sell 12.09 billion shares. This works out to 4.5 yuan a share, nearly twice the price of its…