China Telecommunications Corporation - Wikipedia

China Telecommunications Corporation known as its trading name China Telecom, is a Chinese state-owned telecommunication company. ChinaTelecommunicationsCorporation FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch State-ownedlong-distancedatatransmissioncompany Nottobeconfusedwith"ChinaTelecomCorporationLimited",thesubsidiary. Thisarticlereliestoomuchonreferencestoprimarysources.Pleaseimprovethisbyaddingsecondaryortertiarysources.(August2020)(Learnhowandwhentoremovethistemplatemessage) ChinaTelecommunicationsCorporationTradenameChinaTelecomNativename中国电信集团有限公司FormerlyDirectorateGeneralofTelecommunicationsTypeState-ownedenterpriseTradedasNYSE: CHAIndustryHoldingcompanyFounded27 April1995;26yearsago (1995-04-27)FounderMinistryofPostsandTelecommunicationsHeadquartersBeijing,ChinaShanghai,ChinaAreaservedChina,PhilippinesRevenueCN¥375.734 billion (2019)OperatingincomeCN¥029.070 billion (2019)NetincomeCN¥020.712 billion (2019)TotalassetsCN¥703.131 billion (2019)TotalequityCN¥355.040 billion (2019)OwnerChineseGovernment(100%)ParentTheSASACSubsidiariesBesttoneHoldingChinaCommunicationsServicesChinaTelecomDitoTelecommunity(40%)WebsiteChinaTelecom-H.comChinaTelecomGlobal.comChinaTelecom.com.cnFootnotes /referencesinconsolidatedfinancialstatement[1] ChinaTelecommunicationsCorporation(Chinese:中国电信集团有限公司),knownasitstradingnameChinaTelecom,isaChinesestate-ownedtelecommunicationcompany.Itisthelargestfixed-lineserviceandthethirdlargestmobiletelecommunicationproviderinChina.Ithasthreelistedcompanies:ChinaTelecomCorporationLimited(Chinese:中国电信股份有限公司),ChinaCommunicationsServicesCorporationLimited(Chinese:中国通信服务股份有限公司)andBesttoneHoldingCo.,Ltd.(Chinese:号百控股股份有限公司). Contents 1History 1.1U.S.sanctions 2Consolidationandexpansion 2.1Subsidiaries 3AllegationsofreroutedInternettraffic 4Seealso 5References 6Externallinks History[edit] ThecompanyoriginatedasagovernmentagencyoftheMinistryofPostsandTelecommunications [zh].On27April1995,itwasregisteredasaseparatelegalentityasDirectorateGeneralofTelecommunications,P&T,China,using"ChinaTelecom"asbrandname.[2]On17May2000itwasregisteredasChinaTelecommunicationsCorporation.InMay2002,ChinaNetcomCorporationwasspunoffasaseparatecompanythatwasalsosupervisedbytheState-ownedAssetsSupervisionandAdministrationCommissionoftheStateCouncildirectly.ItalsoownedsubsidiariesinBeijing,Tianjin,Hebei,Shanxi,InnerMongolia,Liaoning,Jilin,Heilongjiang,HenanandShandongthatformerlybelongedtoChinaTelecommunicationsCorporation.[1]AccordingtotheUnitedStatesDepartmentofDefense,thecompanyhaslinkstothePeople'sLiberationArmy.[3] On10September2002,asubisidary,ChinaTelecom,waslisted.[4][5]ThelistedcompanygraduallyacquiredtheassetsfromChinaTelecommunicationsCorporation.[4]Asof31 December 2016[update],however,ChinaTelecommunicationsCorporationstillownedthecontrollingstakeinthecompany,for70.89%.[4] In2009ChinaTelecommunicationsCorporationreceivedsomeoftheassetsofChinaSatelliteCommunications.[6][7] Thecompanyprovidesfixed-lineandXiaolingtong(PersonalHandy-phoneSystem)telephoneservicesto216millionpeopleasofApril2008,[8][failedverification]andbroadbandinternetaccesstoover38millionsubscribers,providingapproximately62%(46Gbit/s)ofChina'sinternetbandwidth.[9]On2June2008,ChinaTelecommunicationsCorporationannounced[citationneeded]thatitwouldpurchaseChinaUnicom'snationwideCDMAbusinessandassetsforCN¥110 billion,givingit43millionmobilesubscribers.[10]Accordingtothecompany,thelistedportionofChinaTelecomGroup(ChinaTelecomCorp.,Ltd.)paidCN¥43.8 billion,theunlistedportionofChinaTelecomGroup(ChinaTelecommunicationsCorporation)paidCN¥66.2 billion.[1] On7January2009,ChinaTelecommunicationsCorporationwasawardedCDMA2000licensetoexpanditsbusinessto3Gtelecommunication.[11] U.S.sanctions[edit] InNovember2020,U.S.PresidentDonaldTrumpissuedanexecutiveorderprohibitingU.S.companiesandindividualsfromowningsharesincompaniesthattheUnitedStatesDepartmentofDefensehaslistedashavinglinkstothePeople'sLiberationArmy,whichincludedChinaTelecom.[12]Inconsequenceoftheexecutiveorder,theNewYorkStockExchangedelistedChinaTelecominJanuary2021.[12] InDecember2020,theUnitedStatesFederalCommunicationsCommission(FCC)initiatedproceedingstorevokeChinaTelecom'sauthorizationtooperateintheU.S.duetonationalsecurityconcerns.[13]InOctober2021,theFCCrevokedChinaTelecom'soperatinglicenseintheU.S.[14]InMarch2022,theFCCdesignatedaU.S.subsidiaryofthecompany,ChinaTelecom(Americas)Corp,anationalsecuritythreat.[15] Consolidationandexpansion[edit] On2June2008,thecompanyannounceditwouldacquireChinaUnicom'sCDMAbusinessandnetworkforCN¥110 billionincash,aseriesoftransactionsaimedattransformingthecompanyintoafullyintegratedtelecommunicationsoperator.[10] SuchshiftsmarkaneweraforthetelecommunicationsindustryinChinainwhichanalysthavefurthercommentedthatthesechangesareaimedatpromotingamorefairandcompetitiveindustryenvironment.[16] ChinaTelecomwaschosenbytheChineseGovernmentasaninvestorinthePhilippinesforprovidingtelecomservices.[17][18]Theywerelaterchosenas'provisional'telecommunicationsproviderofthecountryafterabiddingledbythePhilippinegovernmentonNovember7,2018.Ascurrentlawsrestrictforeignownershipto40%,ChinaTelecom(throughitsparentcompany)[19][20][21]formsaventurewithlocalcompaniesUdennaCorporation(ownerofPhoenixPetroleum)andChelseaLogisticsunderthefranchiseofMindanaoIslamicTelephoneCompany,Inc(ortheMislatelconsortium).Theselectionwasformalizedon20NovemberafterthePhilippineNationalTelecommunicationsCommissionjunkedpetitionsfromitsrivalbids.[22]On8July2019,MislatelwasrenamedtoDitoTelecommunityandatthesametime,wasgranteditspermittooperate.[19][20][21]Thefirmbeganitscommercialoperationson8March2021.[23] Subsidiaries[edit] Asof9July2019 BesttoneHolding(58.45%,excludingsharesheldbyChinaTelecom)[24] ChinaCommunicationsServices ChinaTelecom DitoTelecommunity(40%stake) AllegationsofreroutedInternettraffic[edit] On8April2010,ChinaTelecomreroutedabout15%offoreignInternettrafficthroughChineseserversfor18minutes.[25]ThetrafficincludedthecommercialwebsitesofDell,IBM,Microsoft,andYahoo!aswellasU.S.governmentandmilitarysites.[26]ChinaTelecomdeniedhijackinganyInternettraffic.[27] Seealso[edit] Companiesportal Telecommunicationsportal Chinaportal CommunicationsinChina TelecommunicationsindustryinChina Listoflargestcompaniesbyrevenue Listoftelephoneoperatingcompanies Listoftelecommunicationsregulatorybodies References[edit] ^abc"2007–2009ThreeYearFinancialReport"(PDF)(inChinese).ChinaTelecommunicationsCorporation.1March2011.Retrieved26July2017. ^"邮电部关于电信总局对内对外称谓及"中国电信"企业标识使用有关问题的通知"(Pressrelease)(inChinese).MinistryofPostsandTelecommunications(China).1November1995.Archivedfromtheoriginalon10November2017.Retrieved26July2017. ^Allen-Ebrahimian,Bethany(24June2020)."DefenseDepartmentproduceslistofChinesemilitary-linkedcompanies".Axios.Retrieved24June2020. ^abc"2016AnnualReport"(PDF).ChinaTelecom.6April2017.Retrieved26July2017. ^"ListofHShareCompanies(MainBoard)".HongKongStockExchange.30June2017.Retrieved26July2017. ^"Industryshakeupcreates3telecomgiants".ChinaDaily.25May2008.Retrieved25July2017. ^"ChinaSatcomtakenoveramidtelecomreshuffle".ChinaDaily.10April2009.Retrieved25July2017. ^ChinaTelecomKeyPerformanceIndicators ^"InternetFilteringinChinain2004–2005:ACountryStudy".Opennetinitiative.net.Archivedfromtheoriginalon28September2007.Retrieved18November2010. ^ab"ROUNDUPChinaUnicomacquiresNetcom,sellsCDMAassetsastelcoreorgtakesoff".Forbes.2June2008.Archivedfromtheoriginalon4June2011.Retrieved10June2008. ^WangXing(8January2009)."Chinaissues3Glicenses".ChinaDaily.Retrieved28September2018. ^abMozur,Paul(1January2021)."NewYorktoDelistChineseTelecomFirmsinSymbolicShift".TheNewYorkTimes.ISSN 0362-4331.Retrieved1January2021. ^Shepardson,David(11December2020)."FCCbeginsprocessofhaltingChinaTelecomU.S.operations".Reuters.Retrieved11December2020. ^Shepardson,David(27October2021)."FCCrevokesauthorizationofChinaTelecom'sU.S.unit".Reuters.Retrieved28October2021. ^Shepardson,David;Satter,Raphael(26March2022)."U.S.FCCaddsRussia'sKaspersky,Chinatelecomfirmstonationalsecuritythreatlist".Reuters.Retrieved26March2022. ^"Chinaorderssweepingtelecommerger".USATODAY.26May2008.Retrieved10June2008. ^"ChinaTelecomtohelpestablish3rdPHtelcoplayer–Andanar".Rappler.Manila.10December2017.Retrieved28September2018. ^"ChinaTelecompickedtobecomethePhilippines'thirdtelecomsplayer".SouthChinaMorningPost.HongKong.Reuters.11December2017.Retrieved28September2018. ^ab"Mislatel,nowDitoTelecommunity,getspermittooperateas3rdtelco".CNNPhilippines.8July2019.Retrieved9July2019. ^abBalinbin,ArjayL.(8July2019)."Mislateltorebrandas'DitoTelecommunity'aftergettinglicense".BusinessWorld.Retrieved9July2019. ^abParrocha,Azer(8July2019)."PRRDhandsMislatelConsortiumpermittooperateas3rdtelco".PhilippineNewsAgency.Retrieved9July2019. ^@DICTgovph(19November2018)."OFFICIAL:NTCEnBancconfirmsMislatelconsortiumasthecountry'sNewTelcoMajorPlayerREADfullstoryhere:…"(Tweet)–viaTwitter. ^Fenol,Jessica(8March2021)."DITOnowavailableinVisayas,Mindanao;willbeinNCR'inafewweeks'".ABS-CBNNews.Retrieved4July2021. ^"2016AnnualReport"(PDF)(inChinese).BesttoneHolding.22April2017.p. 35.Retrieved26July2017. ^Crittenden,MichaelR.(17November2010)."ChineseFirm'Hijacked'U.S.DatainApril".TheWallStreetJournal. ^"Section2:ExternalImplicationsofChina'sInternet-relatedActivities"(PDF).USCC2010AnnualReport.U.S.-ChinaEconomicandSecurityReviewCommission.Archivedfromtheoriginal(PDF)on2December2010. ^Young,Doug(17November2010)."ChinaTelecomdenieshijackingU.S.Webtraffic".Reuters. Externallinks[edit] MediarelatedtoChinaTelecomatWikimediaCommons Officialwebsite Linkstorelatedarticles vteTelecommunicationsinChinaTelecommunicationsindustryHistory CERNET ChinaNextGenerationInternet ChineseDomainNameConsortium CNGrid Digitaldivide Electronicsindustry ICPlicense Internet Internetcensorship GoldenShieldProject Listofwebsitesblocked Mobilephoneindustry Onlinegaming Governmentagencies ChinaInternetNetworkInformationCenter Internetpolice MinistryofIndustryandInformationTechnology CyberspaceAdministrationofChina Telecomoperators ChinaMobile ChinaTelecommunicationsCorporation ChinaTelecom ChinaUnicom Equipmentsuppliers Amoi DatangTelecomGroup DatangTelecomTechnology Huawei KonkaGroup NingboBird ZTE Economy Media Television vteInternetserviceprovidersofChina InternetinChina TelecommunicationsinChina ChinaUnicom ChinaTelecommunicationsCorporation ChinaTietong GreatWallBroadband Regionalcabletelevisionnetworkoperators† ICPlicense MinistryofIndustryandInformationTechnology 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Commercializationcompanies Accenture Borqs SaskenCommunicationTechnologies Teleca TheAstonishingTribe WindRiverSystems WiproTechnologies Seealso Android Dalvikvirtualmachine GoogleNexus T-MobileG1 vteMajortelecommunicationscompaniesCompanieswithanannualrevenueofoverUS$10billion AméricaMóvil Telmex AT&T Axiata BellCanada BhartiAirtel BharatSancharNigam BTGroup ChinaMobile CMHK ChinaTelecommunicationsCorporation ChinaTelecom ChinaUnicom ChunghwaTelecom CKHutchisonHoldings Three HutchisonAsiaTelecomGroup Comcast DeutscheTelekom T-Mobile Digicel Globe Jio KDDI KPN KTCorporation LibertyGlobal LibertyLA(FLOW) LumenTechnologies MahanagarTelephoneNigam MTN MTS NTT NTTDoCoMo Oi Ooredoo OrangeSA PCCW PLDT Rogers Shaw Singtel SKTelecom SoftBankMobile Spark Swisscom TataTeleservices Telefónica Movistar O2 Vivo Telenor Telstra Telus TIM TPGTelecom TrilogyInternationalPartners True TürkTelekom VEON Verizon Viettel Vodafone Idea Vodacom Seealso LargestITcompanies Listofmobilenetworkoperators 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DanielDavisJr. DonaldDavies AmosDolbear ThomasEdison LeedeForest PhiloFarnsworth ReginaldFessenden ElishaGray OliverHeaviside RobertHooke ErnaSchneiderHoover HaroldHopkins GardinerGreeneHubbard Internetpioneers BobKahn DawonKahng CharlesK.Kao NarinderSinghKapany HedyLamarr InnocenzoManzetti GuglielmoMarconi RobertMetcalfe AntonioMeucci SamuelMorse Jun-ichiNishizawa CharlesGraftonPage RadiaPerlman AlexanderStepanovichPopov TivadarPuskás JohannPhilippReis ClaudeShannon AlmonBrownStrowger HenrySutton CharlesSumnerTainter NikolaTesla CamilleTissot AlfredVail ThomasA.Watson CharlesWheatstone VladimirK.Zworykin Transmissionmedia Coaxialcable Fiber-opticcommunication opticalfiber Free-spaceopticalcommunication Molecularcommunication Radiowaves wireless Transmissionline datatransmissioncircuit telecommunicationcircuit Networktopologyandswitching Bandwidth Links Nodes terminal Networkswitching circuit packet Telephoneexchange Multiplexing Space-division Frequency-division Time-division 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