China Telecommunications Corporation

China Telecommunications Corporation
China Telecom
Formerly called
 Directorate General of Telecommunications
State-owned enterprise
Industry Holding company
Founded 27 April 1995 (1995-04-27)
Founder Ministry of Posts and Telecommunications
Headquarters Beijing, China
Area served
 mainland China
Revenue Increase CN¥242.896 billion (2009)
Profit Increase CN¥003.969 billion (2009)
Total assets Increase CN¥660.411 billion (2009)
Total equity Increase CN¥345.101 billion (2009)
Owner Chinese Government (100%)
Parent The SASAC
Subsidiaries
Website chinatelecomglobal.com
Footnotes / references
in consolidated financial statement[1]
China Telecommunications Corporation
Simplified Chinese 中国电信集团公司
Traditional Chinese 中國電信集團公司
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).

History

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.[2] 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.[1]

On 10 September 2002, China Telecom Corporation Limited was spin-off as a listed company.[3][4] The listed company gradually acquired the assets from China Telecommunications Corporation.[3] As of 31 December 2016, however, China Telecommunications Corporation still owned the controlling stake in the company, for 70.89%.[3]

In 2009 China Telecommunications Corporation received some of the assets of China Satellite Communications.[5][6]

The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million people as of April 2008,[7] and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gbit/s) of China's internet bandwidth.[8] 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.[9] 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.[1]

On 7 January 2009, China Telecommunications Corporation was awarded CDMA 2000 license to expand its business to 3G telecommunication.[10]

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.[11]

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.[11]

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.[9]

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.[12]

China Telecom (Europe) on 23 October 2008 said it would expand its Asian-European services, aiming to increase its market share in Europe.[13]

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.[14]

China Telecom is one of the bidders of the newly opened Myanmar Mobile licences' call for tender.[15]

Rerouted Internet traffic

On 8 April 2010 China Telecom rerouted about 15% of foreign Internet traffic through Chinese servers for 18 minutes.[16] The traffic included the commercial websites of Dell, IBM, Microsoft, and Yahoo! as well as government and military sites in the United States.[17] China Telecom denied hijacking any Internet traffic.[18]

Subsidiaries

As of 31 December 2016
This list is incomplete; you can help by expanding it.

See also

References

  1. 1 2 3 "2007–2009 Three Year Financial Report" (PDF) (in Chinese). China Telecommunications Corporation. 1 March 2011. Retrieved 26 July 2017.
  2. ↑ "邮电部关于电信总局对内对外称谓及“中国电信”企业标识使用有关问题的通知" (Press release) (in Chinese). Ministry of Posts and Telecommunications (China). 1 November 1995. Retrieved 26 July 2017.
  3. 1 2 3 "2016 Annual Report" (PDF). China Telecom. 6 April 2017. Retrieved 26 July 2017.
  4. ↑ "List of H Share Companies (Main Board)". Hong Kong Stock Exchange. 30 June 2017. Retrieved 26 July 2017.
  5. ↑ "Industry shakeup creates 3 telecom giants". China Daily. 25 May 2008. Retrieved 25 July 2017.
  6. ↑ "China Satcom taken over amid telecom reshuffle". China Daily. 10 April 2009. Retrieved 25 July 2017.
  7. ↑ China Telecom Key Performance Indicators
  8. ↑ "Internet Filtering in China in 2004–2005: A Country Study". Opennetinitiative.net. Retrieved 18 November 2010.
  9. 1 2 "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.
  10. ↑ Davis, Anita (7 January 2009). "China awards 3G licences". Brandrepublic.asia. Retrieved 18 November 2010.
  11. 1 2 "Wireless Design & Development Asia, Singapore". Wirelessdesignasia.com. Retrieved 18 November 2010.
  12. ↑ "China orders sweeping telecom merger". USA TODAY. 26 May 2008. Retrieved 10 June 2008.
  13. ↑ "China Telecom to spread Asian-European services_English_Xinhua". News.xinhuanet.com. 24 October 2008. Retrieved 18 November 2010.
  14. ↑ "FT.com / Reports – SAP-China Telecom deal to offer cloud-based services in China". ft.com. 2011. Retrieved 18 May 2011.
  15. ↑ "Vodafone, China Mobile eye Myanmar". Investvine.com. 5 April 2013. Retrieved 5 April 2013.
  16. ↑ Crittenden, Michael R. (17 November 2010). "Chinese Firm 'Hijacked' U.S. Data in April". The Wall Street Journal.
  17. ↑ "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.
  18. ↑ Young, Doug (17 November 2010). "China Telecom denies hijacking U.S. Web traffic". Reuters.
  19. ↑ "2016 Annual Report" (PDF) (in Chinese). Besttone Holding. 22 April 2017. p. 35. Retrieved 26 July 2017.
Wikimedia Commons has media related to China Telecom.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.