QUOTE AND NEWS
Benzinga  9 hrs ago  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...
Jutia Group  Apr 2  Comment 
[at TheStreet] - IBM (IBM) is gaining Thursday after announcing a new partnership with China Telecom (CHA). Read more on this. International Business Machines Corporation (IBM), valued at $158.35B, started trading this morning at $159.52.   ...
Yahoo  Apr 2  Comment 
International Business Machines (IBM) (IBM.N) has struck a deal with China Telecom Corp Ltd to offer and manage corporate-grade mobile apps, the latest in a string of tie-ups with Chinese firms. Under the agreement, state-owned China Telecom will...
Cellular News  Apr 1  Comment 
Gemalto says that China Telecom has selected its UpTeq Multi-tenant NFC SIMs to deploy secure NFC transport services in China's two largest cities - Shanghai and Beijing. Click here for more.
Forbes  Mar 31  Comment 
Growing demand for smartphones and particularly strong growth in emerging markets are credited with delivering a 33% rise in sales.
Forbes  Mar 27  Comment 
Most of the carrier’s 2G customers may be adopting China Telecom’s and China Mobile’s 4G networks in light of the their discount offerings and the latter’s massive network expansion (Unicom’s net user base declined by 2.74 million in...
Benzinga  Mar 23  Comment 
As Chinese telecom companies look forward to offering 4G, the worsening ARPU trends in 4Q14 provide a major insight into the likely performance going ahead. In the critical fourth quarter, the decline in ARPU at China Mobile (NYSE: CHL) was...
Forbes  Mar 18  Comment 
China Telecom's net profit rose marginally by about 1% year-over-year (y-o-y) to RMB 17.7 billion ($2.84 billion) in 2014, as overall cost savings offset the impact of sluggish wireless subscriber growth. These cost savings were largely on account...
Benzinga  Mar 18  Comment 
China Telecom Corp. (NYSE: CHA) reported a rise in its net profit for 2014. China Telecom's net profit for the year surged to CNY17.68 billion (US$2.83 billion), versus a year-ago profit of CNY17.55 billion. Basic earnings per share came in at...




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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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