China Telecom


More Chinese telcos in the sights of US regulators

More Chinese telcos in the sights of US regulators

(ATF) US regulators have begun legal proceedings that could block three more Chinese state-owned telecom companies of the right to operate in the United States.The three firms – China Unicom America, Pacific Networks and ComNet – failed to adequately prove their American operations were not subject to "undue influence" from …

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Blacklisted China Telecom moves to raise cash in Shanghai

Blacklisted China Telecom moves to raise cash in Shanghai

(ATF) Hong Kong-listed China Telecom, the state-owned carrier blacklisted by Washington, said on March 9 that it plans to sell shares in Shanghai to broaden its financing channels.Shares in the telecommunications provider rose as much as 9.8% in Hong Kong on March 10 to its highest in a year, before …

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Keep tabs on China's delisted telcos, some analysts say

Keep close tabs on China's 3 delisted telcos, analysts say

The New York Stock Exchange's (NYSE) recent delisting of China Mobile, China Unicom and China Telecom may become a milestone of terminating permission of the three telecom players' businesses.But politics played a significant role in the event and while delisting is projected to diminish some liquidity of the three operators’ …

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Chinese telecom firms request another NYSE delisting reversal

Chinese telecom firms request another NYSE delisting reversal

(ATF) China Mobile, China Telecom and China Unicom have made an apparently coordinated request to the New York Stock Exchange (NYSE) to reverse an earlier decision to delist their shares, providing yet another twist to a confusing saga for investors. The NYSE – after a series of bizarre policy reversals …

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BlackRock hangs up on China Telecom after US ban 

BlackRock hangs up on China Telecom after US ban 

BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on US investment.The move comes as US investors scramble to exit stocks subject to the sanctions, which ban Americans from owning companies deemed to have links with China's military.The world's biggest asset manager …

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NYSE drops plan to delist Chinese telcos

NYSE drops plan to delist Chinese telcos

(ATF) The New York Stock Exchange says it is no longer going ahead with the delisting action initiated against China Telecom, China Mobile and China Unicom (Hong Kong) – a move announced last week.“NYSE Regulation no longer intends to move forward with the delisting action in relation to the three …

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FCC moves signal US will keep anti-China telco stance under Biden

FCC moves signal US will keep anti-China telco stance under Biden

(ATF) The US Federal Communications Commission said on Thursday December 10 it had started the process of revoking China Telecom’s authorization to operate in the United States, as it took further steps to crack down on China’s role in US telecommunications.Democrats on the FCC voted in favour of the move …

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China to launch homegrown quantum-powered smartphones

China to launch homegrown quantum-powered smartphones

(ATF) China Telecom – the country's second largest telecom operator – and QuantumCTek are developing smartphones with quantum encryption security, which they plan to launch at the end of this year or early 2021, Chinese media has reported.A joint venture just set up between the two groups is developing smartphones …

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China Telecom among firms hit by latest Trump twist

China Telecom among firms hit by latest Trump twist

(ATF) The Trump administration on November 12 issued an executive order prohibiting US investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the US election.President Trump still refuses to concede to the election and retains the right to …

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