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After divided the old China Telecom from south and north two parts, China Telecommunications Corporation (China Telecom) has 21 provinces level subsidiary company under command, owned 70% assets of the whole nation long-distance transfer telecommunication business, allow to build the local telephone network and managing the local telephone business in ten provinces north China. After regroup, the China Telecom managed by the central government of China, China Telecom is an experimental state holding corporation in that investment channels are subject to the approval by the State Council. With a registered capital was 158 billion yuan (RMB), China Telecom's main businesses currently include: operating various kinds of domestic and international fixed line telecom networks, including local wireless loops; providing telecom network-based voice, data, image, multimedia and information services; carrying out account settlements for international telecom services and developing overseas markets; carrying out some services which are related to telecom and information businesses such as system integration, technology development, technical service/advice, information service consultation, advertisement and publishing; production, sales, import and export of telecom equipment; designing and implementing telecom projects; operating other services which are required by the market development provided that provision of such services would have been authorized or permitted by the government of the country. The established of the China Telecommunications Corporation means the China Telecom has entered a new era of healthy development. |
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