Consolidation and Expansion
On June 2, 2008, the company announced it would acquire China Unicom's CDMA business and network for a total of 110 billion yuan in cash (USD $15.86 Billion in cash), a series of transactions aimed transform the company into a fully integrated telecommunications operator after its expected completion in the next six months to one year.
Such shifts mark a new era for the Telecommunications industry in China in which analyst have further commented that these changes are aimed at promoting a more fair and competitive industry environment.
China Telecom (Europe) Ltd. on 2008-10-23 said it would expand its Asian-European services, aiming to increase its market share in Europe.
In May 2011, China Telecom formed a strategic partnership with German software group SAP to offer a cloud-based version of SAP's business software to small and medium companies in China.
Read more about this topic: China Telecom
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“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nation’s press and platform. Free speech does not live many hours after free industry and free commerce die.”
—Herbert Hoover (1874–1964)