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Stock Market & Financial Investment News

News Breaks
January 24, 2014
06:21 EDTCHL, CHAChina Mobile, China Telecom targets 100M & 36M TD-LTE devices, DigiTimes says
China Mobile (CHL) and China Telecom (CHA) aims to sell 100M and 36M TD-LTE terminal devices, respectively, in the 2014 China market, reports DigiTimes. According to industry sources, China Mobile also expects to sell 90M-100M TD-SCDMA devices. Reference Link
News For CHL;CHA From The Last 14 Days
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October 29, 2014
09:31 EDTCHABocom System wins $25M project from China Telecom in Wahu City
Bocom System, a strategic brand of Allegion (ALLE), recently signed an agreement, in alliance with China Telecom (CHA), for the Wuhu City Skynet Project valued at $25M. Bocom System has participated in smart city projects in Shanghai, Tangshan, Shijiazhuang, Handan, Xi’an, Xining, Haikou, Guiyang, Puer and Shenzhen. Bocom System is capitalizing on its expertise in these areas. The project will be executed in Wuhu, the second largest economy in Anhui Province. In 2013, Wuhu’s GDP reached more than $34B . The city is part of a 90-pilot smart cities initiative by China’s Ministry of Housing and Urban-Rural Development.
09:11 EDTCHL, CHAAlcatel-Lucent's IP tech chosen by China Telecom, China Mobile and China Unicom
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October 24, 2014
06:33 EDTCHAReport 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
October 20, 2014
06:26 EDTCHA, CHLEU, 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

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