China Telecom

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Not to be confused with Chunghwa Telecom.
China Telecom Corporation Limited
中国电信集团公司
中国电信股份有限公司
Type Public SEHK: 728
NYSE: CHA
Industry Telecommunications
Founded 2002
Headquarters Beijing, China
Area served Mainland China
Key people Chairman & CEO
Wang Xiaochu
President & CFO
Shang Bing
Products Fixedline Telephony & Mobile Telephony
Internet Access & Digital Television
Revenue CN¥ 245.04 billion (2011)[1]
Net income CN¥ 16.502 billion (2011)[1]
Total assets CN¥ 419.11 billion (2011)[1]
Total equity CN¥ 256.09 billion (2011)[1]
Employees 309,799 (2012)[2]
Parent Government of the People's Republic of China
Website 189.cn (Chinese)
en.chinatelecom.com.cn (English)
China Telecom
Simplified Chinese 中国电信
Traditional Chinese 中國電信

China Telecom Corporation Limited (Chinese: 中国电信) is a Chinese state-owned telecommunication company.[3] It is the largest fixed line service and 3rd largest mobile telecommunication provider in the People's Republic of China.

Sectors

The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million people as of April 2008,[4] and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gbit/s) of China's internet bandwidth.[5] 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.[6]

The company was formerly a state-owned monopoly, but is now divided into largely autonomous provincial branches[citation needed]. Its assets in the country's 10 northern provinces were transferred to China Netcom in 2002 (now China Unicom), 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 Unicom 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.

ChinaNet Wi-Fi

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.[7]

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.[7]

China Telecom Mobile Broadband

China Telecom's Mobile Broadband service is based on CDMA2000 1x EV-DO technology. It offers coverage in China nationwide.

Consolidation and expansion

On June 2, 2008, the company announced it would 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]

In May 2011, China Telecom formed a strategic partnership with German software group SAP to offer a cloud-based version of SAP's business software to small and medium companies in China.[11]

China Telecom is one of the bidders for the for newly opened Myanmar Mobile licences.[12]

Rerouted Internet traffic

On April 8, 2010 China Telecom rerouted about 15% of foreign Internet traffic through Chinese servers for 18 minutes.[13] The traffic included the commercial websites of Dell, IBM, Microsoft, and Yahoo! as well as government and military sites in the United States.[14] China Telecom denied hijacking any Internet traffic.[15]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 http://www.google.com/finance?q=NYSE%3ACHA&fstype=ii&ei=wr9rUOiEAYOwkAXYpgE
  2. ↑ "2010 Form 10-K, China Telecom Corp. Ltd". Yahoo!. 
  3. ↑ "728 Profile & Executives - China Telecom Corp Ltd - Bloomberg". bloomberg.com. Retrieved 22 August 2012. 
  4. ↑ China Telecom Key Performance Indicators
  5. ↑ "Internet Filtering in China in 2004-2005: A Country Study". Opennetinitiative.net. Retrieved 2010-11-18. 
  6. ↑ Davis, Anita (2009-01-07). "China awards 3G licences". Brandrepublic.asia. Retrieved 2010-11-18. 
  7. ↑ 7.0 7.1 "Wireless Design & Development Asia, Singapore". Wirelessdesignasia.com. Retrieved 2010-11-18. 
  8. ↑ "ROUNDUP China Unicom acquires Netcom, sells CDMA assets as telco reorg takes off". Forbes. 2008-06-02. Archived from the original on 2011-05-23. Retrieved 2008-06-10. 
  9. ↑ "China orders sweeping telecom merger". USA TODAY. 2008-05-26. Retrieved 2008-06-10. 
  10. ↑ "China Telecom to spread Asian-European services_English_Xinhua". News.xinhuanet.com. 2008-10-24. Retrieved 2010-11-18. 
  11. ↑ "FT.com / Reports - SAP-China Telecom deal to offer cloud-based services in China". ft.com. 2011. Retrieved 18 May 2011. 
  12. ↑ "Vodafone, China Mobile eye Myanmar". Investvine.com. 2013-04-05. Retrieved 2013-04-05. 
  13. ↑ Crittenden, Michael R. (November 17, 2010). "Chinese Firm 'Hijacked' U.S. Data in April". The Wall Street Journal. 
  14. ↑ "Section 2: External Implications of China's Internet-related Activities". USCC 2010 Annual Report. U.S.-China Economic and Security Review Commission. 
  15. ↑ Young, Doug (November 17, 2010). "China Telecom denies hijacking U.S. Web traffic". Reuters. 

External links

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