Deals of the year – Top quality issuers succeed in demanding markets
The success of this October’s $2 billion China Telecom equity offering is easily explained: the company probably has the biggest potential for growth in the world. It is already the world’s third-largest cellular company behind Japan’s NTT DoCoMo and the UK’s Vodafone AirTouch and is the third-largest stock on the Hong Kong stock exchange. And the Chinese telephone market will continue to grow fast as long as economic reforms and a freer business environment continue to be introduced.
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