Latest News:  
Beijing   Sunny/Cloudy    14 / 5 ℃  City Forecast

English>>China Business

China Telecom to speed expansion

By Ding Qingfen and Shen Jingting (China Daily)

09:21, November 14, 2012

But analysts say rising protectionism may foil firm's overseas ambition

China Telecom Corp Ltd, the nation's biggest fixed-line operator by revenue, will step up the pace of its overseas expansion and expects its global business unit to have 10 billion yuan ($1.6 billion) in sales this year, according to the company's chairman.

China Telecom has seen its overseas business develop rapidly, especially after the company set up a global business subsidiary - China Telecom Global Ltd - in August, said China Telecom Chairman Wang Xiaochu on Monday.

"China Telecom has a presence mainly in three regions - Asia-Pacific, Europe and the Americas. We established China Telecom Global to coordinate different regions' relations and improve efficiency," Wang said.

In 2011, China Telecom achieved revenue of 6.7 billion yuan from its international business, and Wang predicted the figure will jump to 10 billion yuan by the end of this year.

In addition, China Telecom will be aggressive in overseas mergers and acquisitions, Wang said.

"It is for sure that China Telecom will conduct M&As globally, and we are training talent to be more well-prepared," Wang added.

China Telecom was the first of the domestic operators to go abroad. As early as 2002, China Telecom set up offices in the United States.

After a decade of development, the company's overseas branches covered 26 countries and regions. By 2011, it cooperated with 36 telecommunication operators worldwide to provide services.

【1】 【2】 【3】

We recommend:
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Oct. data released, inflation slows
Gold collection issued to mark 'Year of Snake' China: A Fast-growing Force in IPR 13th Int'l Automobile Industry Exhibition
China Int'l Industry Fair opens in Shanghai Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Leave your comment0 comments

  1. Name


Selections for you

  1. PLA Aerobatic Team gives warm-up performance

  2. Breitling Wingwalkers presents wonderful performance

  3. Beard and Moustache Championships

  4. Beautiful Tachuan Village, China's Anhui

  5. Heavy snow sweeps NE China

  6. COMAC gets 50 more new orders for C919

  7. 'Cold War' to hit screen

  8. Carl Warner's Foodscapes

Most Popular


  1. Commentary: Turning point for growth
  2. Airline outlook: Less turbulence, more profit
  3. Playing well with concepts can influence world
  4. 'Eagle Dad' defends extreme parenting methods
  5. Commentary: Venture no further
  6. Chinese MSN users hope for clarity, stability
  7. Public has right to real emergencies information
  8. Analysis: China's social financing stable
  9. Smartphones disconnect people
  10. Recalling Faulty Vehicles

What’s happening in China

Heavy snowstorm wreaks havoc in NE China

  1. 341 giant pandas living in captivity: report
  2. China's pension insurance covers 459 mln people
  3. Snowstorms affect 7,500 people in NE China
  4. Internet users call for more help for elderly
  5. 1 bln yuan to award elite graduate students