China Telecommunications Corporation
 |
|
| China Telecom | |
|
Formerly called
|
Directorate General of Telecommunications |
| State-owned enterprise | |
| Industry | Holding company |
| Founded | 27 April 1995 |
| Founder | Ministry of Posts and Telecommunications |
| Headquarters | Beijing, China |
|
Area served
|
mainland China |
| Revenue |
 CN¥242.896 billion (2009) |
| Profit |
CN¥3.969 billion (2009) |
| Total assets |
CN¥660.411 billion (2009) |
| Total equity |
CN¥345.101 billion (2009) |
| Owner | Chinese Government (100%) |
| Parent | The SASAC |
| Subsidiaries |
|
| Website | chinatelecomglobal |
|
Footnotes / references in consolidated financial statement |
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| China Telecommunications Corporation | |||||||
| Simplified Chinese | 中国电信集团公司 | ||||||
|---|---|---|---|---|---|---|---|
| Traditional Chinese | 中國電信集團公司 | ||||||
| Literal meaning | China Telecommunications Group Corporation | ||||||
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| Transcriptions | |
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China Telecommunications Corporation known as its trading name China Telecom is a Chinese state-owned telecommunication company. It is the largest fixed-line service and the third largest mobile telecommunication provider in China. It has three listed companies: China Telecom Corporation Limited (Chinese: 中国电信股份有限公司), China Communications Services Corporation Limited (Chinese: 中国通信服务股份有限公司) and Besttone Holding Co., Ltd. (Chinese: 号百控股股份有限公司).
The company originated as a government agency of the Ministry of Posts and Telecommunications. On 27 April 1995, it was registered as a separate legal entity as Directorate General of Telecommunications, P&T, China, using "China Telecom" as brand name. On 17 May 2000 it was registered as China Telecommunications Corporation. In May 2002, China Netcom Corporation was spin off as a separate company that was also supervised by the State-owned Assets Supervision and Administration Commission of the State Council directly. It also owned subsidiaries in Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Henan and Shandong that formerly belonged to China Telecommunications Corporation.
On 10 September 2002, China Telecom Corporation Limited was spin-off as a listed company. The listed company gradually acquired the assets from China Telecommunications Corporation. As of 31 December 2016[update], however, China Telecommunications Corporation still owned the controlling stake in the company, for 70.89%.
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