China Telecom Corp Ltd (CHA.N) Key Developments | Reuters.com
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China Telecom Corp Ltd (CHA.N)

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Latest Key Developments (Source: Significant Developments)

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

China Telecom Corp Ltd announces payment of the final dividend
Wednesday, 27 May 2015 05:40am EDT 

China Telecom Corp Ltd:Says declaration of a final dividend of RMB0.076120 per share (equivalent to HK$0.095 per share) (pre-tax) for the year ended Dec.31, 2014.Says the final dividend will be paid on or about July 17, 2015.  Full Article

International Business Machines Corp and China Telecom Partner to accelerate mobile enterprise adoption in China
Thursday, 2 Apr 2015 09:00am EDT 

China Telecom Co Ltd and International Business Machines Corp:Says partnership to accelerate mobile enterprise adoption for Chinese organizations.Joint clients will benefit from the IBM MobileFirst Platform for iOS to build, integrate and secure made-for-business enterprise apps which will be hosted on China Telecom's cloud.The partnership builds upon China Telecom and IBM's work to help businesses implement secure, cost-effective and scalable cloud-based applications.Together, IBM and China Telecom will empower organizations, from traditional enterprises to start-ups, to benefit from native mobile solutions with greater security and flexibility.By taking advantage of mobile and cloud computing technology, businesses will gain the speed and scalability to confidently increase mobile adoption across the enterprise, resulting in improved employee productivity, customer engagement and business growth.  Full Article

China Telecom Corp Ltd proposes final dividend
Wednesday, 18 Mar 2015 12:01am EDT 

China Telecom Corp Ltd:Proposes final dividend in amount equivalent to HK$0.095 per share (pre-tax), totalling about 6,085 million yuan for year ended Dec. 31, 2014.Dividend proposal will be submitted for consideration at annual general meeting to be held on May 27.Final dividend will be distributed to those shareholders whose names appear on register of members of the company on June 8.Proposed final dividends are expected to be paid on or about July 17, upon approval at annual general meeting.  Full Article

China Telecom Corp Ltd announces change in management
Tuesday, 10 Feb 2015 03:01am EST 

China Telecom Corp Ltd:Says that due to her age, Madam Wu Andi has retired from her positions as an Executive Director, Executive Vice President and Chief Financial Officer of the Company with effect from Feb. 10.  Full Article

Wonders Information Co Ltd signs strategic cooperation framework agreement with Shanghai Branch of China Telecom Corporation Limited
Thursday, 4 Dec 2014 04:13am EST 

Wonders Information Co Ltd:Signed strategic cooperation framework agreement, which is valid for five years, with Shanghai Branch of China Telecom Corporation Limited, on Dec. 4.To cooperate on smart city construction and public service operation in Shanghai.  Full Article

China Telecom Corp Ltd to declare interim dividend
Thursday, 27 Nov 2014 04:30am EST 

China Telecom Corp Ltd:Resolved to declare an interim dividend of HK11 cents per share for the six months ended Sept. 30, 2014 (2013: HK11 cents) payable on Jan. 8, 2015 to equity holders whose names appear on the register on Dec. 31.  Full Article

UPDATE 1-China Telecom gets new chairman after ex-head resigned amid investigation

BEIJING, April 11 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.