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China Telecom in advanced talks for Formula 1 rights

Lewis Hamilton and Zhou Guanyu at the F1 Grand Prix of Saudi Arabia, March 2022. (Photo by Clive Mason/Getty Images)

A new player looks set to emerge in China's sports media landscape, with giant telco China Telecom in advanced talks to acquire digital rights for Formula 1 motor racing, according to local industry insiders.

China Telecom is not currently a significant player in sports media. It is one of three big state-owned telcos, alongside China Mobile and China Unicom.

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