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China Satcom Secures Satellite Telecom Operating License from MIIT

Beijing Morning Post, 3/08/18

China's Ministry of Industry and Information Technology (MIIT) has issued China Satellite Communications (China Satcom), a subsidiary of state-owned China Aerospace Science and Technology Corporation (CASC), with a basic telecommunications operating license. Read More

Satcom Guomai H1 2011 Loss Nearly RMB 16 Mln

Shanghai Stock Exchange, 8/20/11

Telecommunications services provider China Satcom Guomai (600640.SH), a subsidiary of China Telecommunications Corporation, has announced its fiscal results for H1 2011, with revenue down 43.9% YoY to reach RMB 197 mln. Read More

China Telecom Orders Satcom Guomai Restructuring

Netease Tech, 10/20/09

Chinese telecommunications provider China Satcom Guomai Communications (600640.SH) has announced that it has been ordered to begin preparations for major asset restructuring by China Telecom (NYSE: CHA; 0728.HK) parent company China Telecommunications Corporation. Read More

China Satcom Appoints New Executives

Ccidcom.com, 4/15/09

China Satellite Communications Corporation (China Satcom) recently convened a general meeting of leading officials where it was announced that former Satcom general manager, Rui Xiaowu, has been promoted to deputy general manager of China Aerospace Science and Technology Corporation (CASC), and will be replaced by Wu Jingfeng. Read More

China Telecom Operates Satcom Customer, Billing Services

China Business News, 3/31/09

A spokesperson for China Telecom (NYSE: CHA; 0728.HK) yesterday confirmed that from April 1, the company will provide customer services and billing for China Satcom through its service kiosks and its 10000 directory service number. Read More

Telecom, Satcom to Start Restructuring Talks in August 2008

C114, 7/25/08

According to a source at one operator, restructuring talks between China Telecom (NYSE: CHA; 0728.HK) and China Satcom will begin in August. Read More

Operators Confirm Management Changes, Restructuring

Tencent Tech, 5/26/08

China Mobile (NYSE: CHL; 0941.HK), China Unicom (NYSE: CHU; 0762.HK; 600050.SH), China Telecom (NYSE: CHA; 0728.HK), China Netcom (NYSE: CN; 0906.HK), and China Satcom issued a joint public notice yesterday confirming management changes and saying that discussions on restructuring are underway. Read More

Telecom Industry Restructuring Officially Underway

MII, 5/24/08

On May 24, 2008, China's Ministry of Industry and Information (MII), the National Development and Reform Commission (NDRC) and the Ministry of Finance (MOF) issued an announcement regarding the further reforms and restructuring of the Chinese telecom industry. Read More

Five Operators to Pay RMB 5 bln in Profits to MOF

The Beijing Times, 12/20/07

The Ministry of Finance (MOF) and the State-Owned Assets Supervision and Administration Commission (SASAC) have issued notice that China Mobile (NYSE: CHL; 0941.HK), China Telecom (NYSE: CHA; 0728.HK), China Netcom (NYSE: CN; 0906.HK), China Tietong and China Satcom are to pay a combined total of RMB 5 bln in profits to the state. Read More

Unicom Omitted from SASAC SOE Profit-Sharing Plan

Marbridge Consulting, 12/19/07

On December 18 SASAC published a list detailing the percentage of profits which SOEs directly under its oversight must pay to the Ministry of Finance. Read More