QUOTE AND NEWS
Forbes  Jun 10  Comment 
In the Chinese wireless market, there is currently fierce competition for high speed (3G and 4G) subscribers with 4G networks (FDD-LTE and TD-LTE) being promoted and expanded in a big way in the country. By the end of April, over 170 million...
Benzinga  May 29  Comment 
Jefferies upgraded China Telecom Corporation Limited (ADR) (NYSE: CHA) from Hold to Buy. China Telecom shares have gained 32.40 percent over the past 52 weeks, while the S&P 500 index has surged 10.46 percent in the same period. China Telecom...
Forbes  May 22  Comment 
Compared to a dismal tally of 691,000 high speed (3G and 4G) subscriber adds by Unicom in April, China Telecom added 2.32 million 3G-4G users, its best monthly performance in 17 months. Since the start of the year, the third largest wireless...
Cellular News  May 20  Comment 
China Telecom has selected Anite's interoperability and performance test solution - SAS - for LTE data throughput testing. Click here for more.
The Times of India  May 11  Comment 
Tata Communications on Monday announced a video network partnership with China Telecom Global to enable and manage media content for customers in China and globally.
Benzinga  Apr 28  Comment 
China Telecom Corporation Limited (ADR) (NYSE: CHA) reported a 9 percent drop in its net profit for the first quarter. China Telecom's quarterly net profit slipped to 5.05 billion yuan (US$813.2 million). Its operating revenue declined 2.1...
Benzinga  Apr 24  Comment 
Alibaba Group Holding Ltd (NYSE: BABA) and China Telecom Corporation Limted (NYSE: CHA) jointly announced on Friday they will begin selling inexpensive mobile phones with software developed for online shopping to spread e-commerce access to...




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China Telecom Corporation Limited (China Telecom) is a state-owned telecommunications company. In addition to providing local fixed-line telephone services to residential and business customers in 20 Chinese provinces, the company offers domestic and international long distance telephone services Internet and managed data value-added services leased line and limited mobility wireless services. It is one of the largest phone companies in China (and the world), with 220 million access lines in service and 36 million broadband users as of December 31, 2007. The company generates the bulk of its revenue from local phone, domestic long distance, and international long distance services. Additionally, it derives revenue from data and Internet services, value-added services, and interconnection fees paid by other phone companies. In 2006, revenues from local telephone (local access and telephony) contributed 46% of the total revenues while long distance (DLD, IDD) contributed 25%. Among all the segments, Internet and value-added services increased the fastest, contributing 29% of the total revenues in 2006, up from 16.4% in 2005.


China Telecom announced disappointing results for the first three quarters of 2007, compared with Chinese mobile operators. However, China Telecom is the market leader in fixed-line phone services in one of the world's fastest growing telecom markets. Its attractive long-term prospects arise from growth in broadband, value-added services, and potential 3G services. Although the number its fixed-line users declined in the third quarter, its revenue increased 2.7% due to the expansion of its broadband business and value-added services. Moreover, China Telecom is expected to be the big winner when Chinese government issues 3G licenses. Thus, we maintain our Hold rating on the stock.




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