The company is in talks with Morgan Stanley Dean Witter & Co, Goldman, Sachs & Co, Merrill Lynch & Co, and Bank of China about its listing plan, the Hong Kong Economic Journal reported, citing unidentified investment bankers.
Sing Tao Daily, another Chinese-language newspaper, also cited unidentified people as saying the listing is likely to happen next year.
China Telecommunication Corp was spun off from China Telecom after the Chinese government broke up the holding company into fixed-line and mobile phone operations--the latter owned by China Mobile Communications Corp, parent of the Hong Kong listed China Mobile (HK) Ltd.
Last month, China Unicom Ltd, a unit of China's No 2 phone company China United Telecommunications Corp, raised US$4.9 billion from its IPO.
The China Unicom offering was the nation's biggest stock sale.
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