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China Telecom Corp Ltd (CHA.N)

CHA.N on New York Stock Exchange

51.17USD
12:40pm EDT
Change (% chg)

$-0.19 (-0.37%)
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$51.36
Open
$51.12
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Volume
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$55.78
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Latest Key Developments (Source: Significant Developments)

China Telecom HY profit increases by 6.3 pct<0728.HK>
Tuesday, 23 Aug 2016 12:01am EDT 

China Telecom Corp Ltd <0728.HK>: Announcement of interim results for the six months ended 30 June 2016 . Says board of directors has decided not to pay an interim dividend this year . In HY profit attributable to equity holders of the company was RMB11.67 billion, increased by 6.3 pct over the same period last year . HY operating revenues amounted to RMB176.83 billion, increased by 7.2 pct over the same period last year . In HY the number of Mobile subscribers reached 207 million, representing a net addition of 9.04 million from the end of last year .  Full Article

China Telecom says Zhang Jiping retired as executive vice president<0728.HK>
Friday, 19 Aug 2016 04:46am EDT 

China Telecom Corp Ltd <0728.HK>: Resignation of director and change of important executive position <0728.HK> . Zhang Jiping has retired from his positions as an executive director and executive vice president of the company .  Full Article

Finland's Nokia signs 4G deal with China Telecom
Friday, 12 Aug 2016 03:00am EDT 

Nokia Corp : Says Nokia and China Telecom have signed an agreement to expand deployment of 4G technology in 19 provinces in China . Says deal allowing China Telecom to enhance coverage and capacity "while paving the way toward the introduction of 5G technology" .says the deal will also lay the foundation for China Telecom's intended launch of Voice over LTE (VoLTE) services in 2017.  Full Article

Singapore's GIC acquires shares in China Telecom - HKEx filing
Thursday, 4 Aug 2016 06:01am EDT 

China Telecom Corp Ltd <0728.HK> : Singapore's GIC Pte Ltd acquires 3.632 million shares in China Telecom <0728.HK> at an average price of HK$3.91 a share .Singapore's GIC Pte Ltd owns 5.01 percent stake in China Telecom after transaction <0728.HK> - HKEx filing.  Full Article

China Telecom, Saudi Telecom show interest in Egyptian 4G licenses- Bloomberg
Monday, 18 Jul 2016 10:29pm EDT 

:China Telecom Corp and Saudi Telecom expressed interest in acquiring 4G mobile-phone licenses offered by Egyptian government - Bloomberg.  Full Article

China Telecom Corp says co entered into an agreement in relation to lease of towers<0728.HK>
Friday, 8 Jul 2016 05:55am EDT 

China Telecom Corp Ltd <0728.HK>: The company and China tower entered into an agreement on 8 July 2016 . Deal to confirm the pricing and related arrangements in relation to the lease of telecommunications towers and related assets . Says expects to benefit from the synergy of sharing telecommunications tower assets . Says unit rentals of towers are expected to decline as tenancy ratio of the towers progressively improves . Company expects to benefit from China Tower's future earnings and value enhancement .  Full Article

China Telecom Corp Ltd gets new chairman after ex-head resigned amid investigation - Reuters News
Sunday, 10 Apr 2016 12:45pm EDT 

China Telecom Corp Ltd:China's state assets supervisor said on Monday a new chairman had been appointed for the parent of state-run China Telecom Corp, after its previous chairman resigned amid investigation for alleged disciplinary violation - RTRS.General Manager and acting head Yang Jie will become chairman of the firm, according to the official microblog of the State-owned Assets Supervision and Administration Commission (SASAC).China Telecom said in December that former Chairman and Chief Executive Chang Xiaobing had resigned, just days after the ruling Communist Party's anti-corruption watchdog said he was "suspected of serious violation of discipline.A Hong Kong-based China Telecom spokeswoman could not be reached by phone on Monday for immediate comment.Shares of China Telecom were down 1.18 percent during Hong Kong's mid-day trading break, compared with a 0.51 percent rise in the benchmark Hang Seng Index.  Full Article

China Telecom Corp Ltd chairman under investigation - anti-graft agency - Reuters
Saturday, 26 Dec 2015 04:45pm EST 

China Telecom Corp Ltd:The chairman of China Telecom Corp Ltd 0728.HK is being investigated for alleged disciplinary violation, the ruling Communist Party's anti-corruption watchdog said on Sunday. - RTRS.The official, Chang Xiaobing, is "suspected of serious violation of discipline", the Central Commission for Discipline Inspection said in a statement on its website. - RTRS.Local Chinese media outlets on Sunday reported that China Telecom's Chang had gone missing - RTRS.Chang was chairman of telecoms group China Unicom 0762.HK, before becoming China Telecom chairman. - RTRS.His alleged disappearance prompted speculation the firm was being drawn into Beijing's corruption crackdown. - RTRS.At the Shanghai meeting, Guo did not say where he had been, or make any reference to a Fosun statement that said he had been assisting the Chinese authorities in an investigation. - RTRS.  Full Article

Alcatel Lucent and China Telecom expand 4G LTE across 12 provinces of China
Sunday, 22 Nov 2015 07:00pm EST 

Alcatel Lucent SA:Alcatel-Lucent and China Telecom expand 4G LTE across 12 provinces of China.  Full Article

China Telecom Corp Ltd says co will sell certain telecommunications towers
Tuesday, 13 Oct 2015 08:34pm EDT 

China Telecom Corp Ltd:Entered into the Transfer Agreement with China Mobile Communication Company Limited and related subsidiaries (together, China Mobile).Entered into the Transfer Agreement with China United Network Communications Corporation Limited (CUCL) and Unicom New Horizon Telecommunications Company Limited (New Horizon.Entered into the Transfer Agreement with China Reform Holding Company Limited (CRHC); and China Tower Corporation Limited.Sellers are China Unicom, China Mobile and the Company.Under the Transfer Agreement, the Company will sell certain telecommunications towers and related assets and inject cash to China Tower in return for new shares issued by China Tower;.Under the Transfer Agreement China Mobile and China Unicom will also sell certain telecommunications towers and related assets to China Tower in return for new shares issued by China Tower and for cash.Under the Transfer Agreement CRHC will make cash subscription for new shares issued by China Tower, each in accordance with the terms of the Transfer Agreement.Consideration payable by China Tower for the Assets will be settled by way of an allotment and issue of new shares (not exceeding 37,472,990,000 shares) in China Tower at an issue price of RMB1 per share.Says aggregate subscription price of the such new shares will be equivalent to the aggregate amount of the Final Asset Value and the Cash Consideration.  Full Article

BRIEF-Gogo will work with China Telecom satellite

* Will work with China Telecom satellite to offer in-flight connectivity service on international flights operating in and out of China Source text for Eikon: Further company coverage: