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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:16 EDTCHA, CHL, 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.
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August 29, 2014
09:06 EDTCHUTesla, China Unicom sign charging points agreement, Bloomberg says
Tesla (TSLA) and China Unicom signed an agreement to construct 400 charging points in 120 cities at the China's company's outlets, according to Bloomberg, citing comments from Tesla spokeswoman Peggy Yang. Reference Link
August 28, 2014
09:57 EDTCHAOn The Fly: Analyst Upgrade Summary
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09:33 EDTCHLChina Mobile upgraded to Buy from Neutral at Mizuho
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09:33 EDTCHUChina Unicom upgraded to Buy from Neutral at Mizuho
09:33 EDTCHAChina Telecom upgraded to Buy from Neutral at Mizuho
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07:16 EDTCHAChina Telecom upgraded to Neutral from Underweight at HSBC
HSBC upgraded China Telecom to Neutral based on higher earnings due to revised guidance and an increased multiple.
August 27, 2014
15:47 EDTCHAChina Telecom upgraded to Overweight from Neutral at JPMorgan
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August 22, 2014
07:11 EDTCHLAT&T may mount bid GBP3 per share bid for Vodafone, Daily Mail reports
AT&T (T) is working on a cash bid worth over GBP3 per share for Vodafone (VOD), according to the Daily Mail. The publication says China Mobile (CHL) may be interested in taking a stake in Vodafone of up to 20%. Reference Link
August 20, 2014
08:41 EDTCHANQ Mobile's vLife Technnology adopted by China Telecom
NQ Mobile (NQ) announced a partnership with China Telecom (CHA) that will bring NQ Mobile's vLife technology to China Telecom's "E Surfing" product. Under terms of the agreement, vLife will power the user interface for the mobile cloud platform.

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