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China Stocks: China Telecom (CHA) (2002)

China Telecom Corp. Ltd. (NYSE:CHA) was founded in 2002 and is headquartered in Beijing, China. It has 300,960 full-time employees. It is a subsidiary of China Telecommunications Corporation. It is a large state-owned company established in accordance with the national telecommunications system reform plan. Communications companies.

China Telecom Corp Logo

China Telecom (CHA):

As China’s main telecommunications company and the largest basic network operator, China Telecom owns the world’s largest fixed-line telephone network, covering urban and rural areas across the country, and reaching all over the world. Its member units include 31 provincial-level enterprises across the country and operate telecommunications across the country. business.

China Telecom mainly operates various domestic and international fixed telecommunications network facilities, including local wireless loops; voice, data, image and multimedia communications and information services based on telecommunications networks; external settlement of international telecommunications services, and development of overseas communications markets; Communication and information business-related system integration, technology development, technical services, information consulting, advertising, publishing, equipment production and sales, import and export, design and construction, etc.; and according to market development needs, operate other businesses approved or permitted by the state.

History of China Telecom:

  • China Telecom was originally called “China Telecom Mobile Communications Post and Telecommunications Administration”.
  • In 1995, the company was registered as a legal person, and since then the administration has been gradually separated from the enterprise.
  • In 1998, the postal and telecommunications divisions began to focus on telecommunications operations.
  • In 1999, China Telecom’s paging, satellite and mobile services were divested. Later, paging and satellite were merged into the three major operators, China Telecom, China Mobile, and China Unicom.
  • In 2000, China Telecom Corporation was officially listed.
  • In 2001, China Telecom was reorganized again and carried out a North-South spin-off. North Netcom and South Telecom were born.
  • In May 2002, the new China Telecom Corporation was officially re-established.
  • On May 24, 2008, China Telecom acquired China Unicom’s CDMA network (including assets and users) for 110 billion yuan, and China Satcom’s basic telecommunications business was merged into China Telecom.
  • On January 7, 2009, the Ministry of Industry and Information Technology issued three third-generation mobile communication (3G) licenses for China Mobile, China Telecom, and China Unicom. This move marked my country’s official entry into the 3G era, and China Telecom was granted a CDMA2000 license. .
  • At 10:58 on March 29, 2011, China Telecom became the world’s largest CDMA operator with over 100 million mobile users.
  • On July 20, 2012, China Telecom (Korea) Co., Ltd. opened its doors to enter the Korean market.
  • On December 12, 2013, China Telecom has been approved to conduct 4G-scale network experiments in more than 40 cities across the country.
  • On July 15, 2014, China Telecom officially opened Tianyi 4G mobile phone services in the first batch of 16 cities across the country.

China Telecom International Co., Ltd.: Integrate the original overseas business development department, China Telecom (Hong Kong) International Co., Ltd., China Telecom (Macau) Co., Ltd., China Telecom (America) Co., Ltd. (formally opened in Washington, USA in November 2002), A wholly-owned subsidiary established on the basis of China Telecom (Europe) Co., Ltd. (formally established on September 12, 2006 in London, the capital of the United Kingdom), headquartered in Hong Kong and Beijing.

Everyone knows the established state-owned enterprises, so I won’t repeat them! For more information, refer to: Baidu Encyclopedia

China Telecom (CHA) investment:

China Telecom, China Unicom , and China Mobile can pay attention together.

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2015-5-29

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