China Telecom - Wikipedia

China Telecom was a brand of China Telecommunications Corporation, but after the market liberailization of China, the state-owned enterprise spun off the brand ... ChinaTelecom FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch State-ownedlong-distancedatatransmissionfirm NottobeconfusedwithChinaTelecommunicationsCorporation,theparentcompany.OrChunghwaTelecom,asknownasChinaTelecom. ChinaTelecomNativename中国电信股份有限公司TypePublicTradedasSSE:601728(Ashare)SEHK: 728(Hshare)ISINCNE1000002V2IndustryTelecommunicationsFounded10 September2002;19yearsago (2002-09-10)FounderChinaTelecommunicationsCorporationHeadquartersBeijingShanghai,ChinaAreaservedChina,EuropeandtheAmericasKeypeopleYang Jie(chairman&CEO)[1][2]ServicesFixed-linetelephonymobiletelephonyInternetaccessdigitaltelevisionRevenueCN¥352.285 billion[3]: 129  (2016)OperatingincomeCN¥027.201 billion[3]: 129  (2016)NetincomeCN¥018.004 billion[3]: 129  (2016)TotalassetsCN¥652.368 billion[3]: 127  (2016)TotalequityCN¥315.324 billion[3]: 128  (2016)OwnerChinaTelecommunicationsCorporation(70.89%)Numberofemployees287,076[3]: 85  (2016)ParentChinaTelecommunicationsCorporationWebsiteChinaTelecom-H.comChinaTelecomGlobal.comChinaTelecom.com.cnFootnotes /referencesinaconsolidatedfinancialstatement[3] ChinaTelecomCorp.,Ltd.SimplifiedChinese中国电信股份有限公司Traditional Chinese中國電信股份有限公司TranscriptionsStandardMandarinHanyuPinyinZhōngguóDiànxìnGǔfènYǒuxiànGōngsīChinaTelecomSimplifiedChinese中国电信Traditional Chinese中國電信TranscriptionsStandardMandarinHanyuPinyinZhōngguóDiànxìn ChinaTelecomCorp.,Ltd.isaChinesetelecommunicationscompany.[4]Itisoneoftheredchiplistedcompaniesofstate-ownedChinaTelecommunicationsCorporation.ItsHshareshavebeentradedontheStockExchangeofHongKongsince15November2002.[5]ItisaconstituentoftheHangSengChinaEnterprisesIndex,theindexfortheHsharesofstate-controlledlistedcompanies.ThecompanywasalsolistedontheNewYorkStockExchangeuntilJanuary2021.ChinaTelecomisthesecond-largestwirelesscarrierinChina,with362.49millionsubscribersasofJune2021.[6] ChinaTelecomwasabrandofChinaTelecommunicationsCorporation,butafterthemarketliberailizationofChina,thestate-ownedenterprisespunoffthebrandandoperateditasaseparatecompany,floatingitontheHongKongStockExchange. Contents 1History 1.1ExpansionoutsideMainlandChina 1.2U.S.sanctions 2Subsidiaries 3Equityinterests 4Shareholders 5Seealso 6References 7Externallinks History[edit] ChinaTelecomCorp.,Ltd.wasincorporatedon10September2002asalimitedcompany[3]: 133 inordertofloatsomeoftheassetsofthegrouponthestockexchange,specificallythewirelinetelecommunicationsbusinessesinShanghai,Guangdong,JiangsuandZhejiang,aswellasotherassetsfromtheparentcompany.[3] In2003,ChinaTelecomacquiredbusinessesinAnhui,Fujian,Jiangxi,Guangxi,Chongqing,Sichuan,aswellasotherassetsforCN¥46 billion.[3]In2004,itacquiredbusinessesinHubei,Hunan,Hainan,Guizhou,Yunnan,Shaanxi,Gansu,Qinghai,NingxiaandXinjiangandotherassetsforCN¥27.8 billion.[3][7]In2007,itacquiredthreecompanies:ChinaTelecomSystemIntegration,ChinaTelecomGlobalandChinaTelecom(Americas)forCN¥1.408 billion.[3]In2008thebusinessinBeijing(ChinaTelecomGroupBeijing)wasacquiredforCN¥5.557 billion.[3]: 134 In2011,e-commercebusinessandvideomediabusiness[which?]wereacquiredbyChinaTelecom'ssubsidiariesE-surfingPayandE-surfingMedia.However,E-surfingMediawassoldbacktotheparentcompany[which?]in2013.[3]: 134 In2012,adigitaltrunkingbusinesswasacquiredfromsistercompanyBesttoneHolding(acompanylistedontheShanghaiStockExchange)forCN¥48 million.[3]In2013,ChinaTelecom(Europe)wasacquiredfromtheparentcompanyforCN¥278 million.[3] In2015,ChinaTelecomformedajointventureChinaTowerwithfellowstate-ownedtelecommunicationcompaniesChinaMobileandChinaUnicom.[8][9]ChinaTower,whichwasthelargesttelecommunicationstowergroupbyrevenue,becameaseparatelistedcompanyin2018.[10]ChinaTelecom,ChinaMobileandChinaUnicomwereremainedthelargestclientsofChinaTowerasof2018[update].[11] InAugust2015,ChangXiaobing,formerchairmanofChinaUnicom,becamethechairmanofChinaTelecomaswellchairmanofChinaTelecommunicationsCorporation.[12][13][14][15]WhileWangXiaochu [zh],whopreviouslyservedinthesetwopositions,wasappointedtothesamepositionsinChinaUnicom.[13][16]However,ChangwasinvestigatedforcorruptioninDecember2015andresigned.[12]Hewassentencedtosixyearsimprisonmentin2017.[17] In2016,ChinaTelecomwasresponsibleforillegallyinterceptingcommunicationsbetweenthegovernmentsofCanadaandKorea.[18][19] ExpansionoutsideMainlandChina[edit] ChinaTelecom(Europe)saidon23October2008itwouldexpanditsAsianandEuropeanservices,aimingtoincreaseitsmarketshareinEurope.[20]ChinaTelecom(Europe)becamepartofChinaTelecomCorp.,Ltd.in2013. In2008,ChinaTelecomacquiredChinaUnicom(Macau).ThesubsidiarywasrenamedtoChinaTelecom(Macau) [zh][3]: 151 In2015ChinaTelecom(Macau)acquireda4GLTElicensefromtheMacauS.A.R.authority.[21]The4Gservicestartedinthesameyear.[22] InMay2011,ChinaTelecomformedastrategicpartnershipwiththeGermansoftwaregroupSAPtoofferacloud-basedversionofSAP'sbusinesssoftwaretosmallandmediumcompaniesinChina.[23] ChinaTelecom,inpartnershipwithVodafone,wasoneofthebiddersforalicenseinthenewlyopenedmobiletelecommunicationsmarketinMyanmar.[24] U.S.sanctions[edit] InJanuary2021,ChinaTelecomwasdelistedfromtheNYSEinresponsetoaUSexecutiveorder.[25]Thesameyear,theFederalCommunicationsCommission(FCC)revokedChinaTelecom'soperatinglicenseintheU.S.fornationalsecurityreasons.[26]However,ChinaTelecom(Americas)CorpplanstokeepofferingotherservicesonUnitedStatessoil.[27]InMarch2022,theFCCdesignatedChinaTelecom(Americas)Corpanationalsecuritythreat.[28] Subsidiaries[edit] Asof19November2018 ChinaTelecom(Americas)Corporation[3] ChinaTelecom(Europe)Limited[3] Thislistisincomplete;youcanhelpbyaddingmissingitems.(July2017) Equityinterests[edit] Asof31December2016 BesttoneHolding(6.13%)[29] Shareholders[edit] Asof31December2016[3]: 50  Rank Name Chinesename Percentage Footnotes 1 ChinaTelecommunicationsCorporation 中国电信集团公司 70.89% CentralGovernment-ownedSOE,ownerofAshare 2 GuangdongRisingAssetsManagement 6.94% GuangdongGovernment-ownedSOE,ownerofAshare 3 JPMorganChase 2.19% Longpositionfigureonly,ownerofHshare 4 BlackRock 1.02% Longpositionfigureonly,ownerofHshare 5 TheBankofNewYorkMellon 0.93% Longpositionfigureonly,ownerofHshare 6 TempletonGlobalAdvisors 0.87% Longpositionfigureonly,ownerofHshare 7 GICPrivateLimited 0.86% Longpositionfigureonly,ownerofHshare Seealso[edit] Listoflargestcompaniesbyrevenue Listoftelephoneoperatingcompanies Listoftelecommunicationsregulatorybodies References[edit] ^"中国电信总裁兼首席运营官杨杰接替常小兵".中国经济网(inChinese).re-publishedbycnr.cn.31December2015.Retrieved26July2017. ^"RESIGNATIONOFDIRECTORANDCHANGEOFIMPORTANTEXECUTIVEPOSITION"(PDF).ChinaTelecom.7June2017.Retrieved26July2017. ^abcdefghijklmnopqrst"2016AnnualReport"(PDF).ChinaTelecom.6April2017.Retrieved26July2017. ^"728Profile&Executives–ChinaTelecomCorpLtd–Bloomberg".bloomberg.com.Retrieved22August2012. ^"ListofHShareCompanies(MainBoard)".HongKongStockExchange.30June2017.Retrieved26July2017. ^https://www.chinatelecom-h.com/en/ir/kpi.php ^Ramstad,Evan;Ng,Loretta(13April2004)."ChinaTelecomDealToLiftPublic'sStake".TheWallStreetJournal.Retrieved28September2018. ^Wildau,Gabriel(15October2015)."Chinatelecomsoperatorspool$36bninassets".FinancialTimes.Retrieved28September2018. ^"Discloseabletransactioninrelationtothedisposaloftelecommunicationstowersandrelatedassets"(PDF)(Pressrelease).HongKong:ChinaTelecom.14October2015.Retrieved28September2018–viaHongKongExchangesandClearingwebsite. ^Dunkley,Emma(2August2018)."ChinaTowerraisesmostinanIPOgloballysince2016".FinancialTimes.Retrieved28September2018. ^"ChinaTower,world'slargestmobilephonetowercompany,tokickoffyear'sbiggestIPOnextWednesday".SouthChinaMorningPost.HongKong.19July2018.Retrieved28September2018. ^ab"ChinaTelecomchiefresignsamidinvestigation".BBCNewsServices.31December2015.Retrieved28September2018. ^ab"resignationofdirector"(PDF)(Pressrelease).ChinaTelecom.24August2015.Retrieved28September2018–viaHongKongExchangesandClearingwebsite. ^"APPOINTMENTOFCHIEFEXECUTIVEOFFICERANDPROPOSEDAPPOINTMENTOFDIRECTOR"(PDF)(Pressrelease).ChinaTelecom.1September2015.Retrieved28September2018–viaHongKongExchangesandClearingwebsite. ^"Listofdirectorsandtheirroleandfunction"(PDF)(Pressrelease).ChinaTelecom.23October2015.Retrieved28September2018–viaHongKongExchangesandClearingwebsite. ^"Listofdirectorsandtheirroleandfunction"(PDF)(Pressrelease).ChinaUnicom(HongKong).1September2015.Retrieved28September2018–viaHongKongExchangesandClearingwebsite. ^"FormerChinaTelecombossChangXiaobingsentencedtosixyearsforcorruption".SouthChinaMorningPost.HongKonf.31May2017.Retrieved28September2018. ^Fife,Robert;Chase,Steven(30October2018)."ChinaTelecomdivertedinternettrafficinU.S.andCanada,reportfinds".TheGlobeandMail.Retrieved10November2021. ^"MaliciousLife:IPHijacking[MLBSide](36m)".castro.fm.Retrieved10November2021. ^"ChinaTelecomtospreadAsian-Europeanservices".London:XinhuaNewsAgency.23October2008.Archivedfromtheoriginalon8September2012.Retrieved28September2018. ^經營採用長期演進技術（4G）的公共地面流動電信網絡及提供相關的公用地面流動電信服務牌照的公開招標之競投結果(Pressrelease)(inTraditionalChinese).Macau:DirecçãodosServiçosdeRegulaçãodeTelecomunicações.9March2015.Retrieved28September2018. ^廖冬韻;黃偉鴻(25November2015).中國電信(澳門)啟動4G.RádioMacau(inTraditionalChineseandCantonese).TeledifusãodeMacau.Retrieved28September2018. ^Taylor,Paul(17May2011)."SAP-ChinaTelecomdealtooffercloud-basedservicesinChina".FinancialTimes.Retrieved28September2018. ^ "Vodafone,ChinaMobileeyeMyanmar".Investvine.com.5April2013.Retrieved5April2013. ^"NewYorkStockExchangetodelistthreeChinesecompaniesonU.S.Executiveorder". ^Shepardson,David(27October2021)."FCCrevokesauthorizationofChinaTelecom'sU.S.unit".Reuters.Retrieved28October2021. ^Shepardson,David(22December2021)."ChinaTelecomplanstocontinuesomeU.S.servicesafterFCCrevokesauthorization".Reuters.Retrieved18February2022. ^Shepardson,David;Satter,Raphael(26March2022)."U.S.FCCaddsRussia'sKaspersky,Chinatelecomfirmstonationalsecuritythreatlist".Reuters.Retrieved26March2022. ^"2016AnnualReport"(PDF)(inChinese).BesttoneHolding.22April2017.p. 35.Retrieved26July2017. 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