China Telecom

China Telecom
public
Traded as
unlisted(A share)
SEHK: 00728(H share)
NYSE: CHA(ADS)
Industry Telecommunications
Founded 10 September 2002 (2002-09-10)
Founder China Telecommunications Corporation
Headquarters Beijing, China
Area served
 most of mainland China
Key people
Yang Jie(chairman & CEO)[1][2]
Services
Revenue Increase CN¥352.285 billion[3]:129 (2016)
Increase CN¥027.201 billion[3]:129 (2016)
Decrease CN¥018.004 billion[3]:129 (2016)
Total assets Increase CN¥652.368 billion[3]:127 (2016)
Total equity Increase CN¥315.324 billion[3]:128 (2016)
Owner China Telecommunications Corporation (70.89%)
Number of employees
 287,076[3]:85 (2016)
Parent China Telecommunications Corporation
Website chinatelecom-h.com
Footnotes / references
in a consolidated financial statement[3]
China Telecom Corp., Ltd.
Simplified Chinese 中国电信股份有限公司
Traditional Chinese 中國電信股份有限公司
China Telecom
Simplified Chinese 中国电信
Traditional Chinese 中國電信

China Telecom Corp., Ltd. is a Chinese Telecommunications company.[4] It is one of the listed companies of state-owned China Telecommunications Corporation. It's H share traded in the Hong Kong Stock Exchange since 15 November 2002.[5] It is a constituent of Hang Seng China Enterprises Index, the index for H share of state-controlled listed companies.

History

China Telecom Corp., Ltd. was incorporated on 10 September 2002 as a limited company[3]:133 in order to float some of the assets of the group in the stock exchange, specifically the wireline telecommunications business in Shanghai, Guangdong, Jiangsu and Zhejiang, as well as other assets from the parent company.[3]

In 2003, it acquired business in Anhui, Fujian, Jiangxi, Guangxi, Chongqing, Sichuan, as well as other assets for CN¥46 billion.[3] In 2004, it acquired business in Hubei, Hunan, Hainan, Guizhou, Yunnan, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang and other assets for CN¥27.8 billion.[3] In 2007, it acquired three companies China Telecom System Integration, China Telecom Global and China Telecom (Americas) for CN¥1.408 billion.[3] In 2008 the business in Beijing (as China Telecom Group Beijing) was acquired for CN¥5.557 billion.[3]:134 In 2011, e-commerce business and video media business were acquired by China Telecom's subsidiaries E-surfing Pay and E-surfing Media. However, subsidiary E-surfing Media was sold back to the parent company in 2013.[3]:134 In 2012, digital trunking business was acquired from sister company Besttone Holding (a listed company of Shanghai Stock Exchange) for CN¥48 million.[3] In 2013, China Telecom (Europe) was acquired from the parent company for CN¥278 million.[3]

Subsidiaries

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

Equity interests

As of 31 December 2016

Shareholders

As of 31 December 2016[3]:50
Rank Name Chinese name Percentage Footnotes
1 China Telecommunications Corporation 中国电信集团公司 70.89% Central Government-owned SOE, A share holder
2 Guangdong Rising Assets Management 6.94% Guangdong Government-owned SOE, A share holder
3 JPMorgan Chase 2.19% Long position figure only, H share holder
4 BlackRock 1.02% Long position figure only, H share holder
5 The Bank of New York Mellon 0.93% Long position figure only, H share holder
6 Templeton Global Advisors 0.87% Long position figure only, H share holder
7 GIC Private Limited 0.86% Long position figure only, H share holder

References

  1. ↑ "中国电信总裁兼首席运营官杨杰接替常小兵". 中国经济网 (in Chinese). re-published by cnr.cn. 31 December 2015. Retrieved 26 July 2017.
  2. ↑ "RESIGNATION OF DIRECTOR AND CHANGE OF IMPORTANT EXECUTIVE POSITION" (PDF). China Telecom. 7 June 2017. Retrieved 26 July 2017.
  3. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 "2016 Annual Report" (PDF). China Telecom. 6 April 2017. Retrieved 26 July 2017.
  4. ↑ "728 Profile & Executives – China Telecom Corp Ltd – Bloomberg". bloomberg.com. Retrieved 22 August 2012.
  5. ↑ "List of H Share Companies (Main Board)". Hong Kong Stock Exchange. 30 June 2017. Retrieved 26 July 2017.
  6. ↑ "2016 Annual Report" (PDF) (in Chinese). Besttone Holding. 22 April 2017. p. 35. Retrieved 26 July 2017.
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