China Telecom Corp. Ltd.  (CHA) Trade Now »     Rate CHA  -  Discuss CHA  -  Add to Watch List        

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Filed under: International markets, China, Newsletters, Stocks to Buy, China Mobile Limited (CHL)

"China is the world's biggest market for telecom services," notes Geoffrey Seiler, in an in-depth review of the leading Chinese telecom and wireless phone companies.

In his BullMarket.com, he looks at "China Mobile (NYSE: CHL), China Unicom (NYSE: CHU), and China Telecom (NYSE: CHA) noting,"There is still a lot of wireless growth potential in the world's most populated country. As such, we would expect all three to continue to grow for the foreseeable future."

"There is still a lot of wireless growth potential in the world's most populated country," notes Geoffrey Seiler, in an intriguing and in-depth review of the leading China telecom companies.

In BullMarket.com, he looks at China Mobile (NYSE: CHL), China Unicom (NYSE: CHU), and China Telecom (NYSE: CHA) noting, "We would expect all three to grow for the foreseeable future."

"China Mobile is the undisputed king of mobile from a subscriber base standpoint. Through the end of June, the company boasted 493 million subscribers. The company boasts 70% of the Chinese market.

Alcatel-Lucent (ALU) shares are trading higher after the company said it has signed a “centralized purchasing contract” with China Telecom (CHA) to provide and maintain an IP backbone across 10 provinces, including Guangxi, Hubei, Jiangxi, Ningxia, Sichuan, Jiangsu, Guizhou, Gansu, Xinjiang and Shanghai.

The company said the contract is part of a $700 million framework agreement it had signed with China Telecom. Alcatel said it will deploy routers and switches to provide bandwidth to support offerings such as IPTV, Web TV, virtual private networks and 3G and 4G mobile.

China Telecom (CHA) had had “preliminary contacts” with Research In Motion (RIMM) about offering the BlackBerry in China, according to the Wall Street Journal.

The piece notes that China Mobile (CHL) has been offering the BlackBerry in China for years, but that the device is not that popular among Chinese customers.

RIMM today is down $1.50, or 2.1%, to $69.48.