China Telecom Corp., Ltd. is a Chinese Telecommunications company. 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. 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.
China Telecom Corp., Ltd. was incorporated on 10 September 2002 as a limited company: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.
In 2003, it acquired business in Anhui, Fujian, Jiangxi, Guangxi, Chongqing, Sichuan, as well as other assets for CN¥46 billion. 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. In 2007, it acquired three companies China Telecom System Integration, China Telecom Global and China Telecom (Americas) for CN¥1.408 billion. In 2008 the business in Beijing (as China Telecom Group Beijing) was acquired for CN¥5.557 billion.: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.:134 In 2012, digital trunking business was acquired from sister company Besttone Holding (a listed company of Shanghai Stock Exchange) for CN¥48 million. In 2013, China Telecom (Europe) was acquired from the parent company for CN¥278 million.
|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|