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China Telecom Corporation Limited (CHA)

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  • Dec. 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.
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  • Nov. 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)
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  • Nov. 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.
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  • Nov. 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)
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  • Nov. 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
  • Nov. 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
  • Oct. 31, 2012, 11:04 AM
    Though many pundits, analysts, and (reportedly) employees liked Apple's (AAPL -2.3%) big management shakeup (I, II), shares have fallen below the $600 threshold today. Scott Forstall had plenty of critics, but he also earned a lot of respect on account of iOS' success over the last 5 years. Today's decline comes as Chinese regulators give their approval to iPhone 5 models meant for China Unicom (CHU) and China Telecom's (CHA) 3G networks.
    | 35 Comments
  • Oct. 29, 2012, 8:17 AM
    China Telecom (CHA): YTD EPS of CNY12.56. Revenue of CNY209.9B (+15% Y/Y). (PR)
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  • Sep. 26, 2012, 11:25 AM
    Chinese regulators have approved iPhone 5 (AAPL) models that can be used on China Unicom (CHU) and China Telecom's (CHA) 3G networks, a move that should allow Unicom to begin offering the phone by December. China Mobile (CHL), the world's largest carrier, remains the odd man out. Apple has reportedly promised to support the carrier's 4G TD-LTE network, but it might not receive commercial clearance for some time.
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  • Sep. 10, 2012, 5:16 PM
    China Mobile's (CHL) text messaging revenue declined to CNY 46.5B ($7.33B) last year, down from a 2009 peak of CNY $53.6B ($8.46B). The drop highlights the disruptive impact instant messaging and microblogging platforms, such as Tencent's QQ and Sina's Weibo, are having on the business models of Chinese carriers. Thus far at least, U.S. carriers have been able to avoid the same fate
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  • Aug. 22, 2012, 2:17 PM
    Apple (AAPL +1.1%) roundup: 1) China Telecom (CHA) mentions in its Q2 report it added 8.35M subs, something it largely credits to the iPhone 4S. 2) Digitimes sources claim Q3 production of the new iPhone will be less than 15M units, below a prior forecast of 20M, due to low yields (previous) for in-cell touch panels and new dock connectors. If true, that could have negative implications for suppliers. 3) Needham is raising its PT to $750, and its FY13 EPS estimate to $50.
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  • Aug. 22, 2012, 3:10 AM
    China Telecom (CHA): H1 net profit -8.3% to 8.81B yuan ($1.39B) vs. consensus of 7.72B yuan. Revenue +14.8% to 138.02B vs. 134.66B yuan. 3G users +40% from end of 2011, faster than rivals. iPhone marketing expenses to weigh on profitability. To acquire CDMA assets from parent company for 84.6B yuan, lower than expected. Not offering dividend for H1. (PR)
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  • Aug. 16, 2012, 11:06 AM
    China Mobile (CHL -5.5%) slumps after its Q2 earnings miss estimates, and the company promises to continue investing heavily in phone subsidies. Much like the U.S. mobile industry (previous), ramping sales of subsidized smartphones appear to be hurting the margins of Chinese carriers. Another challenge is the growing mobile adoption of instant messaging and social networking services such as Tencent QQ and Sina Weibo, which is impacting voice and text-messaging activity.
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  • Jun. 29, 2012, 1:35 PM
    Bernstein's Tony Sacconaghi becomes the latest analyst to air a cautious note about near-term iPhone (AAPL +1.9%) sales (I, II). Sacconaghi thinks Chinese sales may have fallen by 1.5M Q/Q in in the June quarter, thanks to an inventory build-up and a slowdown in sales at China Telecom (CHA - previous). However, he sees China's growing middle class increasing the iPhone's addressable market by 55M over the next 5 years, and notes the iPhone's customer loyalty remains unmatched.
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  • Jun. 18, 2012, 6:01 PM
    China Telecom (CHA) has reportedly placed an order for 40M phones capable of running on its EV-DO 3G network. Most of the phones will sell for CNY700-2,000 ($111-$317). Qualcomm (QCOM), the dominant player in the EV-DO baseband chip market, should benefit. Chinese 3G adoption has surged in recent months. (also)
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  • Jun. 6, 2012, 5:54 PM
    Apple's (AAPL) legal team is staying busy. The company is now seeking a U.S. ban on Samsung's (SSNLF.PK) flagship Galaxy S III, which is due to be sold by all 4 nationwide carriers. Apple claims the phone violates its widely-applicable phone number-linking patent (previous), and also a unified search patent. The efforts come as Samsung prepares to launch the S III in China with all 3 major carriers (CHL, CHU, and CHA).
    | 5 Comments
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Company Description
China Telecom Corp Ltd along with its subsidiaries is an integrated information service company. It offers telecommunications services, including wireline voice services, mobile voice services, Internet access services, value-added services.
Sector: Technology
Country: China