Corporate Information

Overview

China Telecom Corporation Limited ("China Telecom" or the "Company", together with its subsidiaries, the "Group") is the world’s largest wireline telecommunications and broadband services provider, providing telecommunications and information services including voice, data, image and multimedia mainly in 21 provinces, municipalities, and autonomous regions in China, with about 210 million fixed line subscribers and over 40 million broadband subscribers. On 1 October 2008, the Group has commenced the completion of the CDMA business acquisition and launched the mobile services operation, with currently about 28 million mobile subscribers. Our H shares and American Depositary Shares ("ADSs") are listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange respectively. Milestones   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%. DECEMBER 2004 Mr. Wang Xiaochu was appointed as the Chairman and CEO on the retirement of Mr. Zhou Deqiang. 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. MAY 2004 Global Offering of approximately 5.3 billion new H shares with net proceeds of approximately US$1.5 billion. 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. 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. H share:   The Stock Exchange of Hong Kong Limited HKEx:728 ADS:   New York Stock Exchange Inc. NYSE:CHA SEPTEMBER 2002 Establishment of the Company with service areas including Shanghai, Guangdong, Jiangsu and Zhejiang.