china mobile Archives - Telecoms Tech News

Beijing pushes major Chinese telcos to raise dividends

Muhammad Zulhusni — Thu, 22 Aug 2024 11:54:27 +0000

Three major Chinese telcos are dramatically changing their financial strategies and shifting from reducing capital costs to offering higher dividend yields. As reported by Nikkei Asia, this shift is linked to the increasing interest from the Chinese government in the performance of the stock market and its directive to accord more importance to shareholder returns... Read more »

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China Broadnet becomes the country’s fourth mobile operator

Ryan Daws — Mon, 27 Jun 2022 16:45:35 +0000

China has gained a fourth mobile operator as China Broadnet begins offering services in the country. The operator was established in 2020 as the China Broadcasting Network (CBN) but never offered any services. Earlier this month, there was a sign that something was afoot when CBN rebranded to China Broadnet. Alongside that announcement, China Broadnet... Read more »

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FCC: China Mobile, China Telecom, and Kaspersky ‘pose a threat to national security’

Ryan Daws — Mon, 28 Mar 2022 16:17:50 +0000

The Federal Communications Commission (FCC) has deemed China Mobile, China Telecom, and cybersecurity firm Kaspersky “a threat to national security”. All three entities have been added to the FCC’s list of communications equipment and services that have been deemed a threat to national security. Jessica Rosenworcel, Chairwoman of the FCC, said: “Last year, for the... Read more »

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China Mobile share price retreats following Shanghai debut surge

Ryan Daws — Wed, 05 Jan 2022 12:17:43 +0000

China Mobile’s share price has retreated following a surge after it listed on the Shanghai Stock Exchange. The world’s largest mobile operator by total subscribers was delisted from the New York Stock Exchange (NYSE) following the Trump administration’s decision to restrict investments in Chinese technology firms. China Mobile’s shares increased by ~8.5 percent from its... Read more »

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China Mobile plans Shanghai listing following NYSE exile

Ryan Daws — Tue, 18 May 2021 16:14:31 +0000

China Mobile is planning to list on the Shanghai stock exchange after being exiled from the NYSE. Last November, then-president Donald Trump signed an executive order to delist China Mobile, China Unicom, and China Telecom from the New York Stock Exchange on national security grounds. The NYSE briefly backtracked on its plan to delist the... Read more »

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New York Stock Exchange backtracks on plan to delist Chinese telcos

Ryan Daws — Tue, 05 Jan 2021 12:41:11 +0000

The New York Stock Exchange (NYSE) no longer plans to comply with a Trump administration order to delist Chinese telecoms groups. NYSE began proceedings to delist China Mobile, China Unicom, and China Telecom last week after the order signed by President Trump in November. The order is designed to prevent transactions in securities “designed to... Read more »

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Huawei and China Mobile bring 5G connectivity to Everest’s summit

Ryan Daws — Fri, 01 May 2020 13:42:20 +0000

Huawei and China Mobile have partnered up to bring 5G connectivity to the summit of the world’s highest mountain. The partners set up a 5G base station 6,500 metres above ground which provides access to China Mobile’s dual-gigabit network. Other base stations were built at the Base Camp (5,300 metres) and the Transition Camp (5,800... Read more »

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