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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 Stock Exchange of Hong Kong 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.

China Telecom was a brand of China Telecommunications Corporation, but after marketization of China, the state-owned enterprise spin off the brand and operating companies as a subsidiary, floating it in the Stock Exchange of Hong Kong.

As of 2017, it had 134 million customers that using China Telecom's internet.[6]

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 10 December 2017
  • China Telecom (Americas) Corporation[3]
  • China Telecom (Europe) Limited[3]

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, owner of A share
2 Guangdong Rising Assets Management 6.94% Guangdong Government-owned SOE, owner of A share
3 JPMorgan Chase 2.19% Long position figure only, owner of H share
4 BlackRock 1.02% Long position figure only, owner of H share
5 The Bank of New York Mellon 0.93% Long position figure only, owner of H share
6 Templeton Global Advisors 0.87% Long position figure only, owner of H share
7 GIC Private Limited 0.86% Long position figure only, owner of H share

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. ^ a b c d e f g h i j k l m n o p q r s "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. ^ 侯云龙 (26 January 2018). 中国电信全国宽带用户超1.5亿 移动用户净增创新高. 经济参考报 (in Chinese). Retrieved 11 February 2017 – via East Money. 
  7. ^ "2016 Annual Report" (PDF) (in Chinese). Besttone Holding. 22 April 2017. p. 35. Retrieved 26 July 2017. 

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