May 24th news: the Ministry of Industry and Information Technology, National Development and Reform Commission and Ministry of Finance today jointly issued "the Notice of the Three Ministries on Deepening Telecommunications System Reform". The announcement points out that, based on the current situation in the telecommunications industry, in order to achieve the reform objectives, China Telecom is encouraged to purchase China Unicom's CDMA network (including assets and users), China Unicom will merge with China Netcom, China Satellite Communications' basic telecommunications business will be incorporated into China Telecom, and China TieTong will merge into China Mobile.