Market Currents

• Tuesday, October 20, 2009

• 08:39 AM China Telecom (CHA): Q3 profit of 2.39B yuan ($350M), down from 4.6B last year, and well short of consensus of 3.68B. Ebidta profit margin slipped to 41.1% from 42.3%. (Reuters) Comment!

• Wednesday, June 24, 2009

• 09:10 AM According to Chinese media reports, China Telecom (CHA) is in talks with Research In Motion (RIMM) to sell the BlackBerry in China. Premarket CHA +4.5%. RIMM +3%. Comment!

• Tuesday, January 20, 2009

• 16:52 PM New subscribers to Chinese wireless market fall short of consensus for the third-straight month, with growth now below 15% for the first time, continuing the slowdown that begain in July. China Unicom (CHU) reported (.pdf) its worst month ever, badly missing estimates. CHL -3.7%. CHA -2.5%. CHU -12.5%. Comment!

• Tuesday, January 6, 2009

• 08:45 AM China Mobile (CHL) has, or will soon receive its 3G license, sources say. Licenses for China Telecom (CHA) and China Unicom (CHU) appear to be on the way too. Comment!

• Thursday, August 28, 2008

• 07:22 AM China Telecom (CHA): China's biggest land-line carrier said H1 net income fell 4% to 11.6B yuan ($1.7B), short of the 12B analysts expected. [AP] Comment!

• Tuesday, June 3, 2008

• 01:59 AM China Telecom (CHA), China Netcom (CN) and China Unicom (CHU) all down sharply on China's telecom re-org. Comment!

• Monday, June 2, 2008

• 03:12 AM China Telecom (CHA) will buy $15.9B in assets from China Unicom (CHU). Comment!

• Sunday, May 25, 2008

• 18:38 PM China finally unveils its telecom shakeup. China Mobile (CHL) gets new rivals, as China Unicom (CHU), China Telecom (CHA) and China Netcom (CN) meld into two. Comment!