Fixed/mobile convergence and the road to quad play is not only a preoccupation of western operators. It is starting to fuel M&A in newer telecoms markets too, including China, where China Mobile is to acquire fixed broadband provider TieTong for CNY31.88bn ($4.98bn). Combined with leadership changes this summer at all three Chinese operators, the stage may be set for the first significant restructuring of the state-controlled industry since 2008. This is really a reshuffling of assets rather than an acquisition, because TieTong already belongs to China Mobile’s sister company CMCC, and it will be merged into an existing subsidiary under the brand CM TieTong. Nonetheless, the restructuring breaks down some of the barriers between fixed and mobile services, and gives…