China Telecommunications Corporation
China Telecom is China’s largest fixed-line network operator and composite information provider. Possessing the world’s largest fixed-line telephone network that covers the whole country, China Telecom’s services can reach the whole globe. Owning the national backbone telecommunications networks and having 31 provincial corporations as its member units, China Telecom group operates telecommunications business nationwide network.
During 2003, the whole China Telecom group got a main-business revenue of 145.2 billion yuan, increasing 8.1% over the previous year. 28.83 million new subscribers got access to the fixed-line telephone network, pushing the total to 160,000,000. The Internet users amounted to 33.38 millions. Subscribers enjoying the broadband access increased rapidly, at the end of 2003, they totalled 7,350,000.
China Telecom successfully accomplished its initial public offering (IPO) of shares at New York and Hong Kong stock exchanges on 14 and 15 November 2002 respectively. After the acquisitions, The China Telecom group has entered a new era of healthy development.
In 2002 China Telecom was selected by the Fortune as one of the “World Most Admired companies” and in 2003 was so selected again. Among the 345 selected enterprises of the world, its position had grown to ranking 9th, it is really an outstanding success. According to the 2003 evaluation done by the “telecomasia”, an authoritative specialized magazine, China Telecom was granted with the honourable title “Best Emerging Market Carrier” by scores of an overwhelming superiority. While China Telecom Corporation Limited was granted by the IR magazine with its 2003 “Institutional Investor IR Awards”. In the evaluation done by the Forbs, Business Weak and Financial Times as well as the “Top 500 Companies of China’s Enterprises”, China Telecom also ranked forefront.
|Type: Corporate Member|
|Date Joined: March 17, 2005|
|Principal Contact: Ji YuSheng|
|TM Forum Engagement Manager: Gloria Liang|