HERNDON, Va. and MARKHAM, Ontario, April 20, 2011 /PRNewswire/ -- China Telecom Americas, a wholly-owned North-American-based subsidiary of China Telecom Corporation Ltd. (NYSE: CHA), the world's largest fixed-line telecommunications and broadband services provider, has announced the formation of a subsidiary company, China Telecom Canada. China Telecom Canada provides a full suite of data, IP and value-added services to multinational companies, organizations and international carriers requiring China domestic services and international access to China and the Asia Pacific region.
"Some of Canada's most ambitious companies have long been active in China. Many others are beginning to explore the great opportunities China has to offer," stated Donald Tan, president of China Telecom Americas. "These firms need an experienced partner to help them develop and deploy a plan for success in China. For these multinational enterprises, that partner is China Telecom Canada." Tan continued, "We have seen a continual growth in demand for diverse, reliable communication between Canada and Asia, and while China Telecom Americas has had an office in Canada for more than five years, we realized that we needed to have a fully-functional Canadian company to better serve our customers. We are committed to helping Canadian companies grow in China."
Canada has a long-standing and comprehensive relationship with China, which operates at many levels, and includes political, commercial, scientific, cultural and academic ties. And, since China has been leading Asia into economic recovery, China is becoming a more important partner to both the United States and Canada. China and Canada have forged strong and deep commercial ties. Since 2005, two-way trade between the two countries has grown an average of 8.5 percent annually, reaching nearly $51 billion in 2009.
China Telecom Canada is headquartered at 175 Commerce Valley Drive West in Markham, Ontario.ABOUT CHINA TELECOM AMERICAS China Telecom Americas, a wholly-owned US-based subsidiary of China Telecom Corp. Ltd. (NYSE: CHA), is an international telecom provider for Data, IP and Voice Wholesale services to multinational companies, organizations and international carriers requiring China domestic services and International access to China & Asia Pacific. With headquarters in Herndon, Virginia, and offices in Chicago, Dallas, Los Angeles, Miami, New York, San Jose, St. Louis, and a wholly-owned subsidiary in Toronto, Canada, China Telecom Americas continues to expand its reach, including to Latin America. China Telecom Americas provides locally-based, one-stop-shop, turn-key solutions for everything from China domestic and international data circuits to IDC services, network management, equipment management, system integration, and much more. For additional information on China Telecom Americas, please visit http:// www.ctamericas.com. ABOUT CHINA TELECOM CANADA Opened as a Branch office in 2005, China Telecom Canada is a wholly-owned subsidiary of China Telecom Americas. Headquartered in Markham, Ontario, China Telecom Canada provides a full suite of data products to multinational corporations in Canada which have business operations in China and Asia. For additional information, go to www.chinatelecom.ca. ABOUT CHINA TELECOM CORPORATION LIMITED China Telecom Corporation Limited is a full services integrated operator and the world's largest fixed-line telecommunications and broadband services provider, providing telecommunications and information services including land-line voice, mobile voice, data, video and multimedia in the PRC. By the end of February 2011, China Telecom had 174 million fixed-line telephone subscribers and 65 million broadband customers, and during March 2011, China Telecom reached the milestone of having more than 100 million mobile (CDMA) subscribers. Its H shares and American Depositary Shares ("ADSs") are listed on The Stock Exchange of Hong Kong Limited and the New York Stock Exchange respectively. For more information, go to http://www.chinatelecom-h.com/eng/global/home.htm. SOURCE China Telecom Americas
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV