QUOTE AND NEWS
TheStreet.com  Jul 25  Comment 
NEW YORK (TheStreet) -- China Telecom Corp.  will begin selling Microsoft's MSFT Xbox One gaming console in China starting in September through an exclusive contract, according to the telecommunications company. The launch date and price have...
The Economic Times  Jul 25  Comment 
Xbox One will be the first gaming console to be released in China since the government banned console sales in 2000, citing games' effects on mental health.
SeekingAlpha  Jul 24  Comment 
By Doug Young: China Telecom (NYSE:CHA) could quickly regain the growth momentum it lost in the first half of this year, with word that the smallest of the nation's 3 mobile carriers has already launched 4G service just weeks after getting a...
The Hindu Business Line  Jul 21  Comment 
Sales revenue of China’s telecom major Huawei has reached over $21 billion in the first six months of this year, an 19 per cent increase compared over the same period last year, the company announ...
Finance Asia  Jul 18  Comment 
Equity analysts are scouring China’s reform plans to unearth potential beneficiaries. The swelling list so far includes the likes of China Telecom, Sinopharm and CNBM.
Cellular News  Jul 11  Comment 
ZTE says that it was a supplier to China Telecom during recent testing for IPv6 capabilities on its mobile network in Hunan province, Click here for more.
Forbes  Jun 30  Comment 
Powered by the energy-efficient Qualcomm Snapdragon MSM8926 1.2GHz processor, the new Qing Yang 2 will support both the FDD-LTE and TD-LTE 4G network standards with capabilities to deliver data transmission rates of up to 150 Mbps on China...
SeekingAlpha  Jun 30  Comment 
By Doug Young: After several false alarms, China's slow-moving telecoms regulator has finally made its highly anticipated award of 4G licenses to the nation's 2 smaller telcos, providing a much needed boost as they lose share to dominant telco...
MarketWatch  Jun 30  Comment 
Taking a positive lead from Wall Street, Hong Kong stocks rose for a third day in a row on Monday morning, with the Hang Seng Index adding 0.2%. China Telecom Corp. and China Unicom Hong Kong Ltd. rallied after the government granted test...
SeekingAlpha  Jun 26  Comment 
By Doug Young: Unicom, China Telecom lag in telecoms race. China's 2 smaller telcos, China Telecom [(HKEx: 728); NYSE: (CHA)] and China Unicom [(HKEx: 762); NYSE: (CHU)], are reportedly urging the telecoms regulator to quickly give them new 4G...




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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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