China Telecom Corporation, Ltd. ("China Telecom" is a joint stock limited company incorporated in the People's Republic of China with limited liability, together with its subsidiaries, collectively the "Group") is a large-scale and leading integrated intelligent information services operator in the world, providing wireline and mobile telecommunications services, internet access services, information services, and other value-added telecommunications services primarily in the PRC. As at the end of 2019, the China Telecom had mobile subscribers of about 336 million, wireline broadband subscribers of about 153 million and access lines in service of about 111 million.