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Friends Across the Water

3:00 PM -- China Telecom Corp. Ltd. (NYSE: CHA) and Taiwan's Chunghwa Telecom Co. Ltd. (NYSE: CHT) are to form a joint venture to develop communications and information technologies, according to this China Knowledge report. The new venture will reportedly be based in China, and therefore gets around the ban on mainland investment in Taiwan's communications industry that is still in force, despite thawing relations.

— Catherine Haslam, Asia Editor, Light Reading

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