Beijing pushes major Chinese telcos to raise dividends

Beijing pushes China Telecom, China Mobile to raise dividends

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 within state-owned enterprises.

China Telecom followed this logic but took it a step further, as interim...

22 August 2024 | 5G

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

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 first time, the FCC published a list of communications equipment and services that pose an...

28 March 2022 | Legislation & Government

FCC bans China Telecom from operating US services

The FCC has actioned a Trump-era recommendation to ban China Telecom from operating services in the United States.

China Telecom Americas is based in Virginia and sells mobile services which target Chinese Americans, tourists, and businesses.

In April last year, the Trump administration’s Justice Department recommended that the FCC revoked China Telecom Americas authorisations to provide international telecoms services to and from the US. The department went on to note...

27 October 2021 | China Telecom

New York Stock Exchange backtracks on plan to delist Chinese telcos

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 provide investment exposure to such securities, of any Communist Chinese military company” by any person in the...

5 January 2021 | Legislation & Government

FCC considers revoking China Telecom’s license to provide US services

The FCC has announced that it’s launched a review into whether to revoke China Telecom’s license to provide services in the United States.

The US telecoms regulator says the proceedings will “determine whether to end China Telecom (Americas) Corporation’s authority to provide domestic interstate and international telecommunications services within the United States under section 214 of the Communications Act.”

According to the FCC, the action seeks to safeguard...

11 December 2020 | China Telecom

FCC tells China Telecom it will share confidential docs with other agencies

The FCC has notified China Telecom that it will share documents the operator issued in confidentiality.

State-owned China Telecom has been authorised to operate in the US since 2001, but has found itself subject to increased scrutiny in recent months.

The US Justice Department and other federal agencies have recommended that the FCC revokes China Telecom's license due to concerns including "inaccurate public representations by China Telecom concerning its cybersecurity...

20 August 2020 | China Telecom