China Telecom Corporation Limited is the world's largest wireline telecommunications and broadband services provider and the world's largest CDMA mobile operator. Serving as a full services integrated information service operator, China Telecom provides basic telecommunications services, such as wireline telecommunications services and mobile telecommunications services, and value-added telecommunications services, such as Internet access services and information services in the PRC. As of the end of March 2011, the Company has wireline access lines in service of about 173 million, wireline broadband subscribers of over 66 million and mobile subscribers of more than 100 million. The Company's H shares and American Depositary Shares ("ADSs") are listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange, respectively.
China Telecom proactively implemented research and exploration of the next generation Internet technology and was the 1st operator in the world being granted "IPv6 Enabled ISP Certificate" by "IPv6 Forum"
After a devastating earthquake of 7.1 magnitude at Yushu county in Qinghai province, China Telecom quickly restored the communications in the disaster area within 24 hours, vigorously supporting the disaster relief works
MAY 2010
China Telecom provided robust communications assurance to Expo 2010 Shanghai China and demonstrated to the world a dream of information and communications city
AUGUST 2010
A severe landslide occurred at Zhouqu county in the Gansu province affected over twenty thousand people. China Telecom leveraged its full services competitive edges to restore in full strength the communications in disaster areas
OCTOBER 2010
As the onground communications applications partner of the Lunar Probe Project, China Telecom significantly contributed to the success of "Chang'e-2" mission
DECEMBER 2010
Mobile subscribers exceeded 90 million, an increase of 60% from the beginning of the year and embarking on scale development of mobile services
JANUARY 2009
China Telecom obtained a 3G mobile license
APRIL 2009
Launch of 3G services in 120 cities nationwide
JUNE 2009
Revenue from non-voice services represented more than 50% of total operating revenues reflecting the handsome benefits of our sustained and deepening transformation
JULY 2009
China Telecom was honoured Number 1 in "Model State-owned Enterprises in China" for the Year 2009 by the State
First mover advantage of 3G scale network in commercial operation with the most comprehensive EVDO coverage in 342 cities and more than 2,000 counties nationwide
DECEMBER 2009
Mobile subscriber scale doubled year-on-year, reaching 56 million
OCTOBER 2008
Completion commencement of the CDMA business acquisition and launch of mobile services operation
JUNE 2007
Acquisition of China Telecom (HK), China Telecom (Americas) and China Telecom System Integration from China Telecommunications Corporation at a purchase price of RMB1.4 billion, expanding markets for the Company's development.
2006
Strategic transformation gaining momentum with integrated development of voice and non-voice businesses and driving sustained growth; revenue from non-voice business representing 29% of total operating revenues (excluding amortisation of upfront connection fees)
OCTOBER 2005
Issued 6-month, RMB10 billion denominated short term commercial paper with an annual interest rate of 2.54%.
MAY 2004
Global Offering of approximately 5.3 billion new H shares with net proceeds of approximately US$1.5 billion.
JUNE 2004
Acquisition of ten telecom companies as its wholly-owned subsidiaries, including Hubei Telecom, Hunan Telecom, Hainan Telecom, Guizhou Telecom, Yunnan Telecom, Shaanxi Telecom, Gansu Telecom, Qinghai Telecom, Ningxia Telecom and Xinjiang Telecom from China Telecommunications Corporation at a purchase price of RMB27.8 billion, expanding the Company's service areas to 20 provinces.
DECEMBER 2004
Mr. Wang Xiaochu was appointed as the Chairman and CEO on the retirement of Mr. Zhou Deqiang.
DECEMBER 2003
Acquisition of six telecom companies as its wholly-owned subsidiaries, including Anhui Telecom, Fujian Telecom, Jiangxi Telecom, Guangxi Telecom, Chongqing Telecom and Sichuan Telecom, from China Telecommunications Corporation at a purchase price of RMB46.0 billion, expanding the Company's service areas to 10 provinces.
SEPTEMBER 2002
Establishment of the Company with service areas including Shanghai, Guangdong, Jiangsu and Zhejiang.
NOVEMBER 2002
The Company was listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange with net proceeds from IPO of approximately US$1.3 billion.