New User:

-or-
Username:
Password:
Forgot your password?

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.
News For CHA;CHL;CHU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 24, 2014
10:03 EDTCHUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:07 EDTCHUChina Unicom downgraded to Hold from Buy at Jefferies
Subscribe for More Information
06:33 EDTCHA, CHUReport says China Telecom, Unicom to invest in new CDN venture, Reuters says
Chinese paper 21st Century Business Herald reported that China Telecom (CHA) and China Unicom (CHU) Hong Kong might collaborate soon to develop a new content delivery network firm that would quicken internet access in the country, according to Reuters, citing the report. Reference Link
05:41 EDTCHUChina Unicom downgraded to Hold from Buy at Jefferies
Subscribe for More Information
October 20, 2014
06:26 EDTCHU, CHL, CHAEU, China settle telecoms case at Joint Committee
Intensive discussions between the European Commission and the Chinese government were concluded by an amicable settlement on the trade defense investigation into Chinese telecoms. The Commission took the official decision that it no longer considers it necessary to pursue this investigation. Regarding telecoms, the main points of the settlement include tasking an independent body with the monitoring of the Chinese and EU telecoms networks markets, guaranteeing access to the relevant Chinese standard setting body for European companies without discrimination, equal treatment of companies bidding for publically funded research and development projects and the EU and China will also advance the work of the International Working Group on Export Credits, whose objective is to adopt sectorial and horizontal disciplines in the field. The talks culminated on October 18 at the EU-China Joint Committee. Some telecom companies in China include China Telecom (CHA), China Unicom (CHU) and China Mobile (CHL). Reference Link
October 10, 2014
10:15 EDTCHLNokia, China Mobile sign framework agreement valued at $970M
Subscribe for More Information
06:59 EDTCHLDeutsche Telekom, China Mobile to launch connected cars platform, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use