Murdoch to take Netcom seat

10 Sep 2004

Media mogul Rupert Murdoch is set to join the board of China Netcom as a non-executive director, as part of the telco’s attempts to raise its profile ahead of an international listing. Murdoch’s News Corp is part of a group of investors that will take around 8% of the fixed line operator when it lists in Hong Kong and New York later this year; it inherited a stake in Netcom when the telco took over an internet business in which it was an investor.

China, China Netcom