China Telecom

China Telecommunications Corporation

Connecting the World
Native name	中国电信集团公司
Type	State-owned enterprise
Industry	Telecommunications
Founded	17 May 2000
Headquarters	Beijing, China
Area served	Mainland China, etc.
Owner	People's Republic of China
Parent	State-owned Assets Supervision and Administration Commission of the State Council
Website	www.chinatelecomglobal.com

China Telecom Corporation Limited

Connecting the World
Native name	中国电信股份有限公司
Type	Public company : 728 : CHA
Industry	Telecommunications
Founded	2002
Headquarters	Beijing, China
Area served	Mainland China, etc.
Key people	Yang Jie (Chairman & CEO) Yang Xiaowei (President & CFO)
Products	Fixed-line telephony & mobile telephony Internet access & digital television
Revenue	CN¥321.584 billion (2013)
Operating income	CN¥27.468 billion (2013)
Net income	CN¥17.545 billion (2013)
Total assets	CN¥490.456 billion (2013)
Total equity	CN¥278.664 billion (2013)
Number of employees	309,799 (2012)
Parent	China Telecommunications Corporation
Website	中国电信 (Chinese) China Telecom

China Telecommunications Corporation (Chinese: 中国电信集团公司; literally: "China Telecommunications Group Corporation") is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in the People's Republic of China. It has two major holding companies: China Telecom Corporation Limited (中国电信股份有限公司) and China Communications Services Corporation Limited (中国通信服务股份有限公司).

The company provides fixed-line and Xiaolingtong (Personal Handy-phone System) telephone services to 216 million people as of April 2008, and broadband internet access to over 38 million subscribers, providing approximately 62% (46 Gbit/s) of China's internet bandwidth. On 2 June 2008, China Telecom announced that it would purchase China Unicom's nationwide CDMA business and assets for 110 billion RMB, giving it 43 million mobile subscribers. On 7 January 2009, China Telecom was awarded CDMA 2000 license to expand its business to 3G telecommunication.

The company was formerly a state-owned monopoly, but is now divided into largely autonomous provincial branches. Its assets in the country's 10 northern provinces were transferred to China Netcom in 2002 (now China Unicom), leaving China Telecom with the 21 southern provinces. Although the two companies are free to compete across the whole country, Telecom still has an overwhelming market share in the south, while Unicom dominates the north.