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CHA

China Telecom Corporation Limited

5/24/2013, 6:08 AM ET

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Monday, May 20, 2:03 PM Apple (AAPL +1.9%) roundup: 1) Brian White cites Chinese 3G growth as a reason for his $888 PT: he points out China's 3G sub base rose 83% Y/Y in April to 293.1M, and is expected to hit 375M-400M by year's end. China Mobile (CHL - previous) had 120M 3G subs; China Unicom (CHU) had 92M, and China Telecom (CHA) 81M. 2) Taiwan's Economic Times reports Apple is testing 1.5" OLED displays for an iWatch, and that "market rumors" indicate Foxconn has received iWatch trial production orders. 3) Digitimes reports MacBook orders are expected to grow 20% Q/Q in Q2, as Apple launches new systems sporting Intel Haswell CPUs at June's WWDC conference. 17 Comments [Tech]
Wednesday, May 8, 12:40 PM The Chinese government is expected to issue 4G TD-LTE licenses by year's end, writes Morgan Stanley's Katy Huberty in a bullish note on Apple (AAPL +1.2%). The licenses could pave the way for China Mobile (CHL), which has 700M+ subs and is spending $6.75B this year on its TD-LTE network (still in trial mode), to begin selling the iPhone. One potential roadblock: China Unicom (CHU) and China Telecom (CHA) want the government to take its time in issuing TD-LTE licenses. CHA wants to delay its 4G capex, and both carriers are supporting the FDD-LTE standard (far more popular outside of China). (AAPL/CHL agreement) 6 Comments [Tech]
Tuesday, May 7, 1:37 PM Sina (SINA -2.5%) gives back yesterday's gains after Tencent (TCEHY.PK) says it has reached "preliminary solutions" with Chinese mobile carriers (CHL, CHU, CHA) regarding its very popular WeChat mobile IM platform, which both generates heavy traffic and eats into text-messaging revenue (China Mobile's text revenue fell 4.8% last year). That's likely raising fears Sina might have to pay carriers for the traffic produced by Weibo, arguably WeChat's top rival. Tencent has said it's unlikely to charge WeChat users. Comment! [Tech, On the Move]
Monday, April 8, 12:33 PM After a Chinese government official suggested Tencent (TCEHY.PK) will "have to pay fees" to mobile carriers (CHA, CHL, CHU) for the use of its extremely popular WeChat mobile IM/social networking platform, Tencent tells its users it's unlikely to charge for WeChat. Much like their European peers, Chinese carriers have seen their text messaging revenue pressured by the adoption on Web-based services such as WeChat. Sina (SINA) recently admitted WeChat, which now has 300M+ registered accounts, has been affecting Weibo usage. Comment! [Tech]
Wednesday, March 20, 2:59 AM China Telecom (CHA): Q4 net profit -17% to 2.36B yuan ($380M) vs consensus of 2.04B yuan. Revenues +17% to 73.1B yuan vs 73.2B yuan, with wireless data sales boosted by iPhone use. ARPU 53.9 yuan, stronger than expected. Mobile subscribers +8M to 160.6M. To boost capex 40% this year to 75B yuan. (PR) Comment! [Earnings, Tech, Consumer]
Wednesday, March 6, 6:31 PM After expanding the reach of its fiber-to-the-home (FTTH) network by 33M households in 2012, China Telecom (CHA) wants to expand it by another 25M in 2013. Rival China Unicom (CHU) is also aggressive: it brought its FTTH network to 15.2M new households last year, and wants to add 10M this year. CHA and CHU respectively added 15.7M and 8.2M broadband subs in 2012, and hope to add 15M and 9M in 2013. With China now sporting over 1.1B mobile subs, CHA and CHU are increasingly counting on broadband and 3G data services to drive growth. Comment! [Tech]
Wednesday, March 6, 4:56 AM China plans to issue 4G network licenses by the end of 2013, Industry & Information Technology Minister Miao Wei has said. "China has made breakthroughs in R&D of 4G technologies, but is still facing restrictions in commercial use," Miao said. China Mobile (CHL) has already begun 4G trials in several Chinese cities. 3 Comments [Tech, Consumer]
Wednesday, January 9, 1:39 PM The Chinese government is thinking of opening the country's mobile market up to virtual carriers (MVNOs) who would offer services based on capacity leased from incumbents China Mobile (CHL), China Unicom (CHU), and China Telecom (CHA). Such a policy change could open up a lucrative new revenue stream for the incumbents and perhaps (thanks to new pricing models) stoke 3G/data services adoption, but also carries the risk of increasing price competition. 2 Comments [Tech]
Friday, December 28, 2012, 1:24 PM China's telecom ministry says it will "earnestly complete the preparatory work for [4G] LTE frequency distribution and license-granting" in 2013. Does that mean 4G licenses will be issued at least on the early side of the 2014-2015 timeframe government officials have suggested? China Mobile (CHL), which is building a huge 4G trial network, must hope so. So must base station supplier Alcatel-Lucent and 4G baseband chipmakers Qualcomm and Sequans. Comment! [Tech]
Sunday, December 16, 2012, 9:23 PM Over 2M iPhone 5 units have been sold thus far in China, Apple (AAPL) boasts. China Unicom's (CHU) healthy pre-order activity probably had a lot to do with this figure. Sparse crowds for the Friday launch stoked fears initial sales were light, but weather and pre-ordering requirements seem to have played a role. For reference, Apple announced in September over 5M iPhone 5 units had been sold 3 days after the device went on sale in the U.S., Japan, and 7 other locales. (PR) 56 Comments [Tech]
Thursday, December 6, 2012, 2:52 PM More on Apple: 1) China Mobile's (CHL) CEO suggests his company's lack of an iPhone deal has to do with deal terms rather than its TD-SCDMA 3G network. 2) IDC claims Apple's Chinese smartphone rank fell to #6 in Q3. Samsung was first, followed by fast-growing local Android OEMs Lenovo and Coolpad. The iPhone 5 launches in China on Dec. 14. 3) As Tim Cook declares some iMacs are being made in the U.S., Foxconn says it will expand its North American production. 10 Comments [Tech]
Friday, November 30, 2012, 8:57 AM Apple (AAPL) announces the iPhone 5 will go on sale in China on Dec. 14, and the iPad Mini and 4th-gen regular iPad on Dec. 7. That gives Apple a little over 2 and 3 weeks, respectively, to rack up (authorized) Chinese sales of the devices in FQ1. The iPhone 5 launch was widely expected, given regulatory approval and China Telecom's (CHA) pre-orders. Separately, Apple has begun selling the iPhone 5 unlocked in the U.S. at prices ranging from $649-$849. (PR) 36 Comments [Tech]
Thursday, November 29, 2012, 8:29 AM Apple (AAPL) roundup: 1) The iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) networks have received the final clearances needed from Chinese regulators. CHA has already begun taking pre-orders. 2) A Dutch court has ruled some older Samsung hardware infringes Apple's rubber-banding patent, recently invalidated by the USPTO. 3) The delayed iTunes 11 might finally arrive today. 4) With the completion of its new spaceship-like Cupertino HQ pushed back to 2016, Apple is building a new campus in nearby Santa Clara. 7 Comments [Tech]
Tuesday, November 20, 2012, 3:03 PM China's big-3 mobile carriers added 11.2M new subscribers in October, and put 9.9M more subs on their 3G networks. China Mobile (CHL -1.4%) respectively added 5M and 3.7M new and 3G subs, China Unicom (CHU -2.1%) 3.4M and 3.2M, and China Telecom (CHA -2.4%) 2.9M and 3M. In spite of the increases, only 19% of China's 1.09B subs were on a 3G network at month's end, leaving plenty of growth for Qualcomm (previous), Marvell, Spreadtrum, Apple, and others. (chart) 1 Comment [Tech]
Monday, November 19, 2012, 11:34 AM Apple (AAPL +4.8%) is roaring higher after analysts came to its defense yet again (I, II). Today's gains come as the Beijing Times reports China Telecom (CHA) will begin taking iPhone 5 pre-orders tomorrow, and 9to5 Mac reports early builds of the next version of Mac OS X feature Siri and Maps integration. 12 Comments [Tech, On the Move]
Friday, November 9, 2012, 12:09 PM China Telecom (CHA) says it plans to begin selling the iPhone 5 (AAPL +2.2%) in late November or early December, a little earlier than expected. During Apple's FQ4 call, Tim Cook would only say Apple expects a December Chinese launch. China Unicom's (CHU) chairman is more cautious in setting a timetable. Meanwhile, RBC is predicting Apple will finally reach a deal with China Mobile (CHL) in 2013, perhaps even before the Chinese New Year - the iPhone 5 doesn't support CHL's TD-SCDMA 3G network. (previous) 43 Comments [Tech]