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China may unveil a plan for phone companies to offer both fixed-line and mobile services “soon,” Sina.com reported yesterday, citing Xi Guohua, deputy minister of the Industry and Information.

The government aims to reform the nation’s telecommunications industry to speed up its development, Sina.com cited Xi as saying on Wednesday.

China Telecom Corp and China Netcom Group Corp, the nation’s two biggest fixed-line phone companies, have said they want licenses to offer mobile services, Bloomberg News said.

China Mobile Ltd, the world’s biggest telco by users, gained a record 7.97 million subscribers in February, while the two fixed-line companies both lost phone customers.

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China Mobile Phone, the nation’s biggest mobile telecom operator, said it has no timetable for returning to the mainland stock market, denying widespread media reports that it has decided to launch Mar. 4, 2008 (China Knowledge) - China Mobile<941><CHL>, the nation’s biggest mobile telecom operator, said it has no timetable for returning to the mainland stock market, denying widespread media reports that it has decided to launch A-share listing this year.

Wang Jianzhou, president of the company, said on Monday the company is now preparing for the listing plan, which requires more time as the listing procedure is complicated.

Last month, some reports said China Mobile is expected to be the first Hong Kong-listed red-chip company to float A shares on the mainland as early as the first half of the year.

Meanwhile, the Chinese government has been encouraging Hong Kong-listed mainland firms to return to the A-share market within this year.

In regard to the upcoming reshuffle of China’s telecom industry, Wang said both operators and users will benefit from the reorganization, but till now no instructions from the central government had been received.

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