China Satcom provides communications
China Satcom, founded in November 2011and headquartered in Beijing, provides communications, broadcasting and other fields of satellite space segment services. It is a core subsidiary of China Aerospace Science and Technology Group Corporation. The company went public on the Shanghai Stock Exchange on June 28, 2019. Its major shareholders are China Aerospace Science and Technology Group, China Aerospace Science and Technology Group and Hangtian Shenzhou Investment Management Company. China Satcom's direct and indirect competitors include AsiaSat, Hughes and Bharti Airtel.
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China Mobile Returns to A-share Market Planning to Issue 965 Mn Shares
The announcement shows that the funds raised by the telecommunication company will be used for projects such as 5G boutique network construction, new Cloud infrastructure construction, gigabit smart home construction, new-generation information technology research and development, digital intelligence ecology construction, and so on.
May 18, 2021 11:28 AM