|Bid||49.14 x 100|
|Ask||49.27 x 100|
|Day's range||49.25 - 49.28|
|52-week range||45.58 - 53.78|
|PE ratio (TTM)||13.69|
|Earnings date||20 Dec 2016 - 28 Dec 2016|
|Forward dividend & yield||1.35 (2.65%)|
|1y target est||63.54|
Tim Participações SA , Brazil's second-largest wireless phone company, expressed concerns on Wednesday about the potential acquisition of debt-laden carrier Oi SA by state-run China Telecom Corp Ltd, adding to criticism already put forth by rival Telefonica Brasil SA. Speaking to analysts after the release of quarterly results, Stefano de Angelis, the company's president, said TIM does not like companies pressing preconditions on the government before committing to investments, as China Telecom is currently doing in its bid to acquire Oi. "We don't like companies that want to invest in the country, putting conditions on the government for those investments," de Angelis said.
RIO DE JANEIRO (Reuters) - China Telecom Corp may invest up to 20 billion reais (4.63 billion pounds) to acquire a majority stake in Brazilian carrier Oi SA (OIBR4.SA), a source with knowledge of the matter ...
BRASILIA/SAO PAULO (Reuters) - Representatives of U.S. private equity firm TPG Capital Management LP and state-owned China Telecom Corp Ltd met with Brazil's solicitor general on Monday to discuss a possible takeover of debt-laden telecom provider Oi SA. The two groups have approached Oi about purchasing the company once it emerges from bankruptcy protection, in a process that would involve a capital injection, an executive told Reuters in September. Grace Mendonça, the solicitor-general, is part of a government working group that is trying to assuage differences between shareholders and creditors before a key Nov. 10 meeting in which bondholders will vote on a restructuring plan.
China Telecom, the smallest of the three Chinese wireless carriers, published its financial results for the first three quarters of 2017 on October 27, reporting year-over-year growth that was driven by its expanding high-speed speed wireless subscriber base
Apple pulled several VPN apps from its App Store in China, which it said did not meet new regulation requirements.
China Telecom and Orange Business Services announced the extension of their strategic partnership into the IoT space today at the launch event of “eSurfing on the Silk Road, IoT with the World” in Shanghai, China. The new cooperation will enable both companies to serve their respective enterprise customers through a combined footprint across three continents – Asia, Europe and Africa. Multinational customers of China Telecom and Orange will be able to deploy IoT and Machine-to-Machine (M2M) services across each other’s networks.