World's largest telco chooses Sydney23/06/2011
NSW Deputy Premier and Minister for Trade and Investment Andrew Stoner has welcomed China Telecom's choice of Sydney for its Australian subsidiary.
"China Telecommunications Corporation, a State-owned corporation with its headquarters in Beijing, has chosen Australia's global city to establish its presence here and for its expansion into Oceania," Mr Stoner said.
China Telecom Corporation Limited is the world's largest landline telecommunications and broadband services provider and the world's largest CDMA mobile operator.
In March 2011, the company had about 173 million landline access lines, more than 66 million landline broadband subscribers and more than 100 million mobile subscribers. It is China's largest fixed line services provider and the third largest mobile telecommunications provider.
China Telecom (Hong Kong)'s Chairman and Chief Executive Mr Deng Xiaofeng said Sydney was a good fit for the company.
"Sydney's highly skilled ICT workforce is one of the reasons we chose the city. We also appreciate the strong financial services sector here and the commitment to innovation and education," Mr Deng said.
"We expect to create 10 jobs in our Sydney office which will service our corporate Chinese clients in NSW by providing a range of data and internet services."