China Telecommunications Corporation (China Telecom) was established on May 17, 2000, with a total registered capital of RMB 220.4 billion. At present, the size of the Company’s total assets exceed RMB 600 billion, with an annual revenue level of more than RMB 380 billion. As one of the three … read moreleading telecom operators in China, China Telecom ranked 182nd in the 2013 Fortune 500 Companies, and was selected as one of the Most Admired Asian Companies as well as the one of the Best Asia Companies in terms of Corporate Governance by many international esteemed institutes for consecutive years. As an integrated information service provider, China Telecom provides integrated information service solutions including mobile services, broadband Internet access, information service applications and fixed-line telephone services.
China Telecom has many subsidiary branches in 31 provinces (municipalities and autonomous regions) and in America, Europe, Asia-Pacific,Africa and Middle East region. On the back of its world’s largest broadband Internet and leading-edge mobile network, the Company is capable of providing cross-region, fully-integrated information services to its global customers in addition to a sound customer service channel system. China Telecom has many branded products such as “E-surfing Navigator”, “My e Home”, “E-surfing Flying Young”, “Best Tone”, “E-payment”, just to name a few. China Telecom has a vast base of customer resources. By the end of 2013, the number of its broadband Internet access customers exceeded 113 million; mobile customers exceeded 186 million; and fixed-line telephone customers exceeded 162 million.
Over the past years, China Telecom seized the great opportunities of reform and convergence that came along with the ICT trend, while upholding the spirit of “Openness, Cooperation and Innovation” and aiming at becoming “a leader of smart pipes, a provider of integrated platforms and a player of both contents and applications”. To that end, it has been deepening the strategic transformation by breaking the shackle of traditional thinking and promoting the corporate reform. The Company also optimized its customer service model and expanded the area of value creation, while stimulating the vitality of the enterprise by means of market-based operation and sharpening its competitiveness by implementing a differentiation business policy. In so doing, the Company has further liberated its productivity and boosted its development momentum, with a view to moving the Company toward an Internet-oriented business model so as to reinvent a new China Telecom in five years.
In December 2013, China Telecom was granted a 4G license by the Ministry of Industry and Information Technology of China, which unveiled a new era of 4G service operation in China. In February 2014, China Telecom launched 4G services in more than 100 cities in the country. We will proactively promote the 4G network construction by building a hybrid, seamless, high-speed mobile network and enabling synergic development of 3G, 4G and broadband services. In the meantime, we will strive to form our full-scenario network advantage and speed up the 4G commercialization so as to provide our customers with better and faster 4G Tianyi services for them to share with one another a wonderful whole-new information life.