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• China Telecom – Benefit from Digitization Trend Market believes China telecom companies to benefit from industrial and digitization in several segments: (1) Internet of Things (IoT) account for c.10-15% of industrial revenue, recording over 20% CAGR in the past three year; (2) Internet data center account for c.30% of industrial revenue, three listed telcos recorded >10% YoY growth; (3)…
