News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
CHINA TELECOM Launches Direct Mobile Phone-to-Satellite Services in HK; Expansion to BRI Countries in Future
China Telecom Global, a subsidiary of CHINA TELECOM (00728.HK), recently obtained a license from the Office of the Communications Authority (OFCA) of Hong Kong for direct mobile ph...
Reset
Send
The window will close in 5 seconds
CHINA TELECOM Launches Direct Mobile Phone-to-Satellite Services in HK; Expansion to BRI Countries in Future
Close
Recommend
34
Positive
65
Negative
29
 
SHORT SELL
 
STOCK INFO

China Telecom Global, a subsidiary of CHINA TELECOM (00728.HK)  -0.040 (-0.673%)    Short selling $20.28M; Ratio 6.627%   , recently obtained a license from the Office of the Communications Authority (OFCA) of Hong Kong for direct mobile phone-to-satellite services. The Group announced that it officially launched the internationalized operation of the Tiantong satellite mobile system with Hong Kong as the first stop.

Other than traditional satellite phones, some smartphones from brands such as Huawei, XIAOMI-W (01810.HK)  +0.700 (+1.697%)    Short selling $564.34M; Ratio 7.135%   , OPPO, HONOR and ZTE (00763.HK)  0.000 (0.000%)    Short selling $24.26M; Ratio 13.397%   will support the Tiantong satellite communication function in Hong Kong.

Related NewsG Sachs Expects XIAOMI-W (01810.HK) YU7 to Be Launched in Jun/Jul as Planned, Keeps Rating at Buy
Tang Ke, Deputy General Manager of CHINA TELECOM, said that the Company will explore cooperation with telecoms such as HKT-SS (06823.HK)  +0.060 (+0.562%)    Short selling $11.35M; Ratio 14.844%   , HUTCHTEL HK (00215.HK)  +0.010 (+1.053%)    Short selling $696.50K; Ratio 13.282%   and SMARTONE TELE (00315.HK)  +0.050 (+1.220%)    Short selling $149.91K; Ratio 4.271%   to promote the convergence of satellite communications with the local network, so as to cover Hong Kong's sea areas, outlying islands and other emergency scenarios for the use of the satellite phone and SMS communications of monthly subscribers of local telecoms.

Yang Lingcai, General Manager of China Satellite Communications, expected that Hong Kong users will be able to enjoy the communications service with converged network protocols without changing their phone cards or numbers after the implementation of direct mobile phone-to-satellite services in Hong Kong.

In the future, Hong Kong will be used as a starting point to promote the overseas operation of Tiantong in Hong Kong & Macau, Southeast Asia, South Asia and other countries along the Belt and Road Initiative (BRI).
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-17 16:25.)

Related NewsBOCOMI: HK Stocks Still Have Structural Support; Domestic Demand Policy Expected to Be Further Enhanced to Support Mkt

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.