China Telecom ADR: Company Report

China Telecom Corporation Limited is an integrated information service provider in the People’s Republic of China. The Company offers a range of telecommunication services, including wireline voice services, mobile voice services, Internet access services, value-added services, integrated information application services, managed data and leased line services and other related services. On October 1, 2008, the Company completed the acquisition of China Unicom (Hong Kong) Limited and China Unicom Corporation Limited. In July 2008, the Company completed the acquisition of China Telecom Group Beijing Telecom. On July 27, 2008, China Telecom Group, Unicom Group, and Unicom New Horizon Mobile Telecommunications Company Limited (Unicom New Horizon), entered into a code division multiple access (CDMA) network disposal agreement, pursuant to which Unicom Group and Unicom New Horizon sold the CDMA cellular telecommunications network constructed by Unicom New Horizon to China Telecom Group.

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