Major carrier shakeup expected in China.

"The Chinese government is planning a major restructuring of the country's telecom sector to create three giant operators that each own fixed and mobile network assets, according to reports in the Chinese media. Currently, each operator is focused on running either a fixed line or a mobile business.

According to the South China Morning Post, the ruling Communist Party has signed off a plan that will involve a series of mergers and asset divestments to create a trio of fixed/mobile supercarriers."