China Telecommunications Corporation
|Directorate General of Telecommunications|
|Founded||27 April 1995|
|Founder||Ministry of Posts and Telecommunications|
|Revenue||CN¥242.896 billion (2009)|
|CN¥3.969 billion (2009)|
|Total assets||CN¥660.411 billion (2009)|
|Total equity||CN¥345.101 billion (2009)|
|Owner||Chinese Government (100%)|
|Footnotes / references|
in consolidated financial statement
|China Telecommunications Corporation|
|Literal meaning||China Telecommunications Group Corporation|
China Telecommunications Corporation known as its trading name China Telecom is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. It has three listed companies: China Telecom Corporation Limited (Chinese: 中国电信股份有限公司), China Communications Services Corporation Limited (Chinese: 中国通信服务股份有限公司) and Besttone Holding Co., Ltd. (Chinese: 号百控股股份有限公司).
The company originated as a government agency of the Ministry of Posts and Telecommunications. On 27 April 1995, it was registered as a separate legal entity as Directorate General of Telecommunications, P&T, China, using "China Telecom" as brand name. On 17 May 2000 it was registered as China Telecommunications Corporation. In May 2002, China Netcom Corporation was spin off as a separate company that was also supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly. It also owned subsidiaries in Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Henan and Shandong that formerly belonged to China Telecommunications Corporation.
On 10 September 2002, China Telecom Corporation Limited was spin-off as a listed company. The listed company gradually acquired the assets from China Telecommunications Corporation. As of 31 December 2016[update], however, China Telecommunications Corporation still owned the controlling stake in the company, for 70.89%.
The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million people as of April 2008,[not in citation given] and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gbit/s) of China's internet bandwidth. On 2 June 2008, China Telecommunications Corporation announced that it would purchase China Unicom's nationwide CDMA business and assets for CN¥110 billion, giving it 43 million mobile subscribers. According to the company, the listed portion of China Telecom Group (China Telecom Corp., Ltd.) paid CN¥43.8 billion, the unlisted portion of China Telecom Group (China Telecommunications Corporation) paid CN¥66.2 billion.
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China Telecom has the largest single Wi-Fi wireless broadband network in China. As of 2012, China Telecom has rollout estimated over 1,000,000 access points in over 30,000 buildings and facilities in over 250 major Chinese cities including Beijing, Shanghai, Guangzhou, Shenzhen, Nanning, Hangzhou, Chengdu, Dalian, Kunming, Wuhan, Chongqing and Xi'an. The China Telecom Wi-Fi services is operated under ChinaNet brand.
China Telecom English Online Store
China Telecom has an English Online Store which is hosted by China Telecom Beijing Branch. This English based Online Store is an eCommerce website, which allows international customers to purchase China Telecom products and services using their international credit cards via Internet. The products sold online are: ChinaNet Wi-Fi, Refills, Mobile Broadband and Mobile Phone services.
Consolidation and expansion
On 2 June 2008, the company announced it would acquire China Unicom's CDMA business and network for a total of CN¥110 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.
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.
Rerouted Internet traffic
On 8 April 2010 China Telecom rerouted about 15% of foreign Internet traffic through Chinese servers for 18 minutes. The traffic included the commercial websites of Dell, IBM, Microsoft, and Yahoo! as well as government and military sites in the United States. China Telecom denied hijacking any Internet traffic.
- As of 31 December 2016
- Besttone Holding (58.45%, excluding shares held by China Telecom)
- China Communications Services
- China Telecom
- "2007–2009 Three Year Financial Report" (PDF) (in Chinese). China Telecommunications Corporation. 1 March 2011. Retrieved 26 July 2017.
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- "2016 Annual Report" (PDF). China Telecom. 6 April 2017. Retrieved 26 July 2017.
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- China Telecom Key Performance Indicators
- "Internet Filtering in China in 2004–2005: A Country Study". Opennetinitiative.net. Retrieved 18 November 2010.
- "ROUNDUP China Unicom acquires Netcom, sells CDMA assets as telco reorg takes off". Forbes. 2 June 2008. Archived from the original on 4 June 2011. Retrieved 10 June 2008.
- Wang Xing (8 January 2009). "China issues 3G licenses". China Daily. Retrieved 28 September 2018.
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- Crittenden, Michael R. (17 November 2010). "Chinese Firm 'Hijacked' U.S. Data in April". The Wall Street Journal.
- "Section 2: External Implications of China's Internet-related Activities" (PDF). USCC 2010 Annual Report. U.S.-China Economic and Security Review Commission. Archived from the original (PDF) on 2 December 2010.
- Young, Doug (17 November 2010). "China Telecom denies hijacking U.S. Web traffic". Reuters.
- "2016 Annual Report" (PDF) (in Chinese). Besttone Holding. 22 April 2017. p. 35. Retrieved 26 July 2017.
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