Native name 中国电信集团公司 Industry Telecommunications Headquarters Beijing, China | Type State-owned enterprise Area served Mainland China, etc. Revenue 321.6 billion CNY (2013) | |
Founded 17 May 2000; 16 years ago (2000-05-17) Owner People's Republic of China Stock price 0728 (HKG) HK$ 3.60 +0.01 (+0.28%)3 Mar, 4:09 PM GMT+8 - Disclaimer CEO Xiaochu Wang (29 Oct 2004–) Parent organizations Government of China, China Telecommunications Corporation | ||
China Telecommunications Corporation (Chinese: 中国电信集团公司; literally: "China Telecommunications Group Corporation") is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in the People's Republic of China. It has two major holding companies: China Telecom Corporation Limited (中国电信股份有限公司) and China Communications Services Corporation Limited (中国通信服务股份有限公司).
Contents
China telecom global video
History
The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million people as of April 2008, and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gbit/s) of China's internet bandwidth. On 2 June 2008, China Telecom announced that it would purchase China Unicom's nationwide CDMA business and assets for 110 billion RMB, giving it 43 million mobile subscribers. On 7 January 2009, China Telecom was awarded CDMA 2000 license to expand its business to 3G telecommunication.
The company was formerly a state-owned monopoly, but is now divided into largely autonomous provincial branches. Its assets in the country's 10 northern provinces were transferred to China Netcom in 2002 (now China Unicom), leaving China Telecom with the 21 southern provinces. Although the two companies are free to compete across the whole country, Telecom still has an overwhelming market share in the south, while Unicom dominates the north.
China Telecom has been listed on the Hong Kong and New York City stock exchanges since 2002, but the Chinese government still retains majority ownership.
Subsidiaries
China Telecom consists of the following major subsidiary companies:
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.
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.
China Telecom Mobile Broadband
China Telecom's Mobile Broadband service is based on CDMA2000 1x EV-DO technology. It offers coverage in China nationwide.
Consolidation and expansion
On 2 June 2008, the company announced it would acquire China Unicom's CDMA business and network for a total of 110 billion yuan in cash (USD $15.86 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.
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.
China Telecom (Europe) Ltd. on 2008-10-23 said it would expand its Asian-European services, aiming to increase its market share in Europe.
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.
China Telecom is one of the bidders of the newly opened Myanmar Mobile licences' call for tender.
Rerouted Internet traffic
On 8 April 2010 China Telecom rerouted about 15% of foreign Internet traffic through Chinese servers for 18 minutes. The traffic included the commercial websites of Dell, IBM, Microsoft, and Yahoo! as well as government and military sites in the United States. China Telecom denied hijacking any Internet traffic.