China Telecom Ltd (CHL) Message Board

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Strategies & Market Trends : China Telecom Ltd (CHL)

CHL 27.51

0.0%

Sep 27 4:00 PM EDT

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To: Paul Shread who wrote (114)	12/22/1998 11:03:00 AM
From: RealMuLan	of 149

<<China Telecom pushed the market lower, dropping HK$0.75 to HK$14.15 and accounting for more than half of the Hang Seng Index points loss. Brokers said newspaper reports that the company was under pressure to cut its monthly mobile telephone subscription fees in Guangdong province by 50 percent tripped up the share price. An imminent cut in mobile telecommunications tariffs in southern China would lead to an annual loss of about 1.7 billion yuan for China Telecom in tariff income, the Hong Kong Economic Times said on Tuesday.>> biz.yahoo.com

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