(From SinoCast China IT Watch)
BEIJING, August 25, SinoCast -- On August 20, China Railcom, one of the six telecom carriers in china, renamed officially to China Tietong, which was a sign that the telecom carrier had broken away from the Ministry of Railway and would be self-reliance.
With more than 75,000 employees, the final destination of state-owned China Tietong is to become a basic telecom carrier.
However, China Tietong has been frustrated by capital shortage that is one of the series obstacles to progress.
"We are going to seek ways of financing," said Zhao Jibin, new chairman of China Tietong during the opening ceremony, but he …