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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