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(From South China Morning Post)
Byline: Hui Yuk-min and Ben Kwok
China Telecom has confirmed a major rise in international-direct-dial (IDD) tariffs charged to overseas carriers in a bid to boost profitability before applications for its SAR share offering close.
The mainland's largest carrier has led the way with price rises of up to 850 per cent for terminating international calls but other mainland carriers are expected to follow suit in a move that will hit SAR residents who have grown used to rock-bottom mainland calling rates.
In a fax to five local telecom operators yesterday, the fixed-line behemoth said it had approval from the …