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China Mobile considers mainland listings for subsidiaries

Management hails Beijing's call to bring tech companies back home

The group believes its businesses are being undervalued.   © Reuters

HONG KONG -- China Mobile, the world's largest telecom carrier by number of subscribers, is considering spinning off subsidiaries from its U.S. and Hong Kong-listed arms and floating them on mainland exchanges, group management said on Thursday.

Under Beijing's pledge to bring overseas-listed Chinese tech giants back home, the state-owned telecom carrier hopes home listings of businesses in the field of internet and terminal services would boost group valuation.

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