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China Telecom has announced that they will separate their directory business from their Telecom unit. The spin off will receive $47M in capital and be run by the head of the China Telecom Shanghai division. No information on ownership structure was disclosed, in fact China Telecom has made no official announcement on the spin off. A variety of mainstream Chinese media are covering the spin off so its expected to be reliable.
The spin off news follows a partnership earlier this year with Google to sell advertising on the directory sites and with Microsoft to provide search functionality for the sites. A a minimum China Telecom appears to be setting up the directory business to grow independently of its Telecom service group. The Telecom service grow is starting to slow but the Business Directory business should be in a good position to grow, especially with partnerships with Google and Microsoft.

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Posted by Colin Smillie on Monday, August 20th, 2007 at 9:20 am and is filed under Directory, Launch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.