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CHA - China Telecom Prefers LTE-FDD Standard

|Includes:China Telecom Corporation Limited (CHA)

 

Prepared by ChinaScope Financial | Source: Tencent
  • China Telecom Co., Ltd. (00728: HKG) (the company) announced on March 20 that it will prioritize the adoption of the 4G LTE FDD standard, which means that the company will employ a business strategy different from its key competitor, China Mobile Ltd. (00941: HKG).
  • China Telecom's CEO, WANG Xiaochu stated on a business performance briefing that construction of LTE-FDD network saves costs and gains the company rich opportunities in selling compatible mobile phones. He also revealed that company's budget for 2013 is expected to be around USD 12 billion.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: CHA