China Telecom
From Wikipedia, the free encyclopedia
 |
|
| Type | Public Company SEHK: 728 NYSE: CHA |
|---|---|
| Founded | 2002 |
| Headquarters | Beijing  China |
| Area served | Mainland China |
| Key people | Chairman & CEO Wang Xiaochu President & CFO Shang Bing |
| Industry | Telecommunication |
| Products | Voice services Mobile services Internet Broadband |
| Revenue | RMB ¥175 billion ▲ (2007) |
| Net income | RMB ¥22.5 billion (2007)[1] |
| Employees | 285,105 [2] |
| Parent | China Telecommunications Corporation Limited |
| Website | www.chinatelecom-h.com/ |
China Telecom Corp. Ltd. (SEHK: 728, NYSE: CHA) is the largest fixed line service and mobile telecommunication provider in the People's Republic of China.
Contents |
[edit] Sectors
The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million subscribers as of April 2008 [3], and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gb/s) of China's internet bandwidth.[4]. On June 2 2008, China Telecom announced that it would purchase China Unicom's nationwide CDMA business and assets for 110 billion RMB, giving it 43 million mobile subscribers. On 7 January 2009, China Telecom was awarded CDMA 2000 license to expand its business to 3G telecommunication.[5]
The company was formerly a state-owned monopoly, but now divided into largely autonomous provincial branches[6]. Its assets in the country's 10 northern provinces were transferred to China Netcom in 2002, leaving China Telecom with the 21 southern provinces. Although the two companies are free to compete across the whole country, Telecom still has an overwhelming market share in the south, while Netcom dominates the north.
China Telecom has been listed on the Hong Kong and New York stock exchanges since 2002, but the Chinese government still retains majority ownership.
[edit] WiFi
China Telecom has the largest single WiFi wireless broadband network with over 30,000 hotspot locations covering hotels, restaurants and transportation facilities in over 250 major Chinese cities including Shanghai, Guangzhou, Shenzhen, Nanning, Hangzhou, Chengdu, Dalian, Kunming, Wuhan, Chongqing and Xi'an.[7]
[edit] Consolidation and expansion
On June 2, 2008, the company announced to acquire China Unicom's CDMA business and network for a total of 110 billion yuan in cash (USD $15.86 Billion in cash), a series of transactions aimed transform the company into a fully integrated telecommunications operator after its expected completion in the next six months to one year. [8]
Such shifts mark a new era for the Telecommunications industry in China in which analyst have further commented that these changes are aimed at promoting a more fair and competitive industry environment. [9]
China Telecom (Europe) Ltd. on 2008-10-23 said it would expand its Asian-European services, aiming to increase its market share in Europe.[10]
[edit] See also
- Communications in the People's Republic of China
- List of companies in the People's Republic of China
- Telecommunications industry in China
[edit] References
- ^ http://www.chinatelecom-h.com/eng/ir/finhigh.htm
- ^ http://www.chinatelecom-h.com/eng/corpinfo/people.htm
- ^ China Telecom Key Performance Indicators
- ^ Internet Filtering in China in 2004-2005: A Country Study
- ^ China awards 3G licences
- ^ China Mobile Ordered to Crack Down on Mass SMS Ads
- ^ Wireless Design & Development Asia, Singapore
- ^ "ROUNDUP China Unicom acquires Netcom, sells CDMA assets as telco reorg takes off". Forbes. http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/02/afx5069042.html. Retrieved on 2008-06-10.
- ^ "China orders sweeping telecom merger". USA TODAY. http://www.usatoday.com/money/industries/telecom/2008-05-26-china-telecom_N.htm. Retrieved on 2008-06-10.
- ^ http://news.xinhuanet.com/english/2008-10/24/content_10244252.htm
[edit] External links
|
|||||||||||
|
||||||||||||||||||||
