Two of China's leading telecommunications companies - China Unicom Group and Jitong Network Communications - are forging ahead with domestic listings which could raise more than 14.55 billion yuan (about HK$13.64 billion). Unicom Group, the mainland's second-largest telecoms operator and parent of Hong Kong-listed China Unicom, is hoping to raise more than 10 billion yuan from an A-share offering. Jitong, which called off a planned global listing late last year, citing stock-market weakness, provides fixed-line long-distance, data transmission and Internet services. Now it is aiming to raise between 2.55 billion yuan and 4.55 billion yuan. Unicom Group said the proceeds would finance a plan to build the world's largest code division multi-access mobile network (CDMA). The scale of its A-share offering would match the China Petroleum and Chemical's (Sinopec) 11.84 billion yuan domestic share offering, set to debut on Wednesday. Analysts expect Unicom Group's flotation plan to be approved soon by mainland authorities and that it will go ahead in the fourth quarter as the company will then need funding for its CDMA network plans. In April, it revealed plans to invest up to 20 billion yuan in the network's first year to create a capacity of 15.15 million subscribers. A pilot operation would begin in October, it said. Jitong, meanwhile, plans to revive its shelved listing plan towards the end of the year or early next year, Reuters quoted company president Qi Mingqiu as saying yesterday. Jitong was planning a private share placement to raise funds to expand its network infrastructure, he said. It would be aimed at wholly state-owned, or majority state-owned enterprises.