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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:16 EDTCHL, CHA, CHUChinese telcos confirm establishment of tower facilities joint venture
China Telecom (CHA) announced that the company, China United Network Communications (CHU) and China Mobile (CHL) entered into a promoters’ agreement to jointly establish China Communications Facilities Services Corporation Limited. The registered share capital of the tower venture is RMB10B. The three companies intend to subscribe for 2.99B shares, 3.01B shares and 4.00B shares of the tower company respectively in cash at a par value of RMB1.00 per share, representing a shareholding percentage of 29.9%, 30.1% and 40.0%, respectively. The tower venture company will primarily engage in the construction, maintenance and operation of telecommunications towers, and will also engage in the construction, maintenance and operation of ancillary facilities such as control rooms, power supply systems and air conditioning systems of base stations, etc and indoor distribution systems as well as the provision of outsourcing maintenance services for base station equipment. At present, the respective parties are at a preliminary stage of considering potential injections of certain telecommunications assets into the tower company, China Telecom stated.
News For CHA;CHL;CHU From The Last 14 Days
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November 24, 2014
12:17 EDTCHLChina Mobile upgraded to Buy from Hold at BNP Paribas
November 21, 2014
09:29 EDTCHAAirMedia enters strategic partnership with China Telecom unit
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09:19 EDTCHUYouku Tudou awarded MVNO license
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November 20, 2014
09:25 EDTCHAChina Telecom reports 1.26M October net subscriber additions
Reports 181.57M mobile subscribers at end October, including 114.61M 3G subscribers. The company said its cumulative net decrease of 2.75M mobile subscribers for Jan. to Oct. was mainly due to the increasing market competition driven by the launch of LTE services and strengthened marketing promotion by its peer.
09:23 EDTCHUChina Unicom reports 677K October net subscriber additions
Reports 297.75M mobile subscribers at end October, including 146.86M 3G and 4G subscribers.
08:45 EDTCHLChina Mobile reports 2.32M October net subscriber additions
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November 10, 2014
06:39 EDTCHACommonwealth Bank of Australia reports 9.56% passive stake in China Telecom
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