|Bid||40.50 x 1300|
|Ask||43.20 x 800|
|Day's range||42.69 - 42.99|
|52-week range||39.77 - 55.84|
|Beta (3Y monthly)||0.64|
|PE ratio (TTM)||9.83|
|Forward dividend & yield||1.95 (4.55%)|
|1y target est||56.59|
China Telecom said on Thursday it is ready to build a 5G mobile network with its rivals in order to reduce costs, a proposal that is likely to cut multi-billion dollar equipment orders for vendors such as Huawei Technologies. China's big three state telcos are racing to roll out 5G services in more than 50 cities this year, following countries like South Korea and the United States which have already started the service that promises to support new technologies such as autonomous driving. While the gradual rollout of 5G services globally is a boon to telecoms gear makers, tie-ups by mobile operators in China, the world's biggest smartphone market, to build the network together threaten to cut the size of the overall 5G infrastructure spending.
Charging elderly clients just 1 yuan or about 15 cents a day, little-known Lanchuang Network Technology Corp has embarked on one of the most ambitious undertakings in aged care by a private sector firm in China. Launched just four months ago, Lanchuang's smart care system has already signed up 220,000 elderly clients in 16 cities, half of which are in Shandong, a rapidly aging province in eastern China where the company is based.
China's largest telecommunications operator China Mobile said on Tuesday it will set up a 30 billion yuan (£3.4 billion) 5G industry fund and has already raised the first instalment of 7-10 billion yuan. China Mobile Chairman Yang Jie made the announcement at a press conference in Shanghai, according to a transcript of his speech provided by the company. Yang also said China Mobile will invest 3 billion yuan into developing 5G content such as ultra-high definition videos and games.
SHANGHAI/HONG KONG, June 6 (Reuters) - China granted 5G licences to the country's three major telecom operators and China Broadcasting Network Corp on Thursday, giving the go-ahead for full commercial deployment of the next-generation cellular network technology. The approvals will trigger investment in the telecommunications sector which will benefit top vendors such as Huawei Technologies, just as the Chinese network equipment provider struggles to overcome a U.S. blacklisting that has hurt its global business.
China Mobile Limited (CHL) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China's Huawei, three U.S. officials familiar with the plan told Reuters. The executive order would invoke the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. The order will direct the Commerce Department, working with other government agencies, to draw up a plan for enforcement, the sources said.
WASHINGTON/HONG KONG, May 10 (Reuters) - China urged Washington on Friday to stop putting "unreasonable pressure" on Chinese companies after U.S. regulators voted to deny market access to China Mobile Ltd and suggested they could revoke approvals given to two other Chinese carriers. The Federal Communications Commission voted unanimously on Thursday to deny an eight-year long bid from China Mobile, the largest Chinese telecom carrier, to provide services in the United States, citing risks that the Chinese government could use the approval to conduct espionage against the U.S. government.
U.S. communications regulators on Thursday rejected a Chinese telecom company's application to provide service in the U.S. due to national security risks amid an escalation in tensions between the two countries. The Federal Communications Commission on Thursday voted unanimously, 5-0 across party lines, to reject China Mobile International USA Inc.'s long-ago filed application. The company, which the FCC says is ultimately owned by the Chinese government, applied in 2011 to provide international phone service in the U.S.
The Federal Communications Commission voted unanimously on Thursday to deny China Mobile Ltd's bid to provide U.S. telecommunications services and said it was reviewing similar approvals held by two other Chinese telecom firms. China Mobile, which is owned by the Chinese government, sought approval in 2011 to provide interconnection services for phone calls between the United States and other countries. The approval would have given it enhanced access to U.S. telephone lines, fiber-optic cable, cellular networks and communications satellites.
US regulators on Thursday denied a request by China Mobile to operate in the US market and provide international telecommunications services, saying links to the Chinese government pose a national security risk. The Federal Communications Commission said that because of China Mobile USA's ownership and control by the Chinese government, allowing it into the US market "would raise substantial and serious national security and law enforcement risks." The decision brings the Chinese telecoms giant's eight-year effort to crack the US market to an end, but was not really a surprise since FCC Chairman Ajit Pai had publicly opposed the company's application last month. China Mobile -- the world's largest mobile operator with nearly 930 million customers as of February -- first filed an application for permission to operate in the United States in 2011.
FCC Chairman Ajit Pai signaled that he wanted to reject China Mobile's application to become a telecom provider in the US, and the agency has just acted on that promise. The Commission has unanimously denied China Mobile's eight year old bid over national security concerns. Officials said the carrier didn't show that its application was in the "public interest," and that the Chinese government's control of the company raised "substantial and serious" law enforcement and security risks that couldn't be mitigated.