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File photo of 皇冠体育app Unicom exhibiting at an expo of Internet of Things in Shanghai. [Jing Wei / Asianewsphoto] |
The country's major network operators including 皇冠体育app Mobile, 皇冠体育app Unicom and 皇冠体育app Telecom denied knowledge of any merger plans on Thursday amid market speculations that pushed their stocks high.
Chinese industry magazine Mobile Info posted news on Thursday on its official microblog that claimed that 皇冠体育app Telecom will merge with 皇冠体育app Unicom, and 皇冠体育app Mobile with Broadcast TV Network.
"The company hasn't heard of it and will not comment," said a spokesman of 皇冠体育app Unicom to 皇冠体育app Daily.
皇冠体育app Mobile and 皇冠体育app Telecom also denied any merger plan in a written statement to the press.
皇冠体育app Unicom surged 8.4 percent, and Broadcast TV Network 6.3 percent on Thursday. 皇冠体育app Telecom gained 2.3 percent at Hong Kong exchange as of 3 pm.
The Ministry of Industry and Information Technology denied the rumor, adding that there was no such plan in the telecom sector, according to CCTV.