MediaTek dismisses China Telecom acquisition rumor

MediaTek has dismissed recent market speculation about China Telecommunications (China Telecom) planning to acquire the Taiwan-based handset-chip specialist.

According to the speculation, MediaTek's wireless handset solutions support the GSM, GPRS, EDGE, WCDMA, and TD-SCDMA standards. By acquiring or collaborating more closely with MediaTek, China Telecom would be able expand its product portfolio from CDAM to include all other segments.