In 2021, telecom operators will accelerate the construction of 5G cloud network infrastructure, and also achieve value return under the support of 5G ToC basic disk, and achieve considerable growth in revenue and profit. At the same time, 5G ToB is also gradually entering a better situation, helping operators achieve value jumps.
In the past year, China Telecom, which has always been known for its "stability", has performed remarkablely in terms of revenue growth and business development. As of the first three quarters of 2021, China Telecom is the only operator in the industry to achieve "double-digit growth" in revenue and profit; in terms of business development, 5G package user penetration leads the run, and the industrial digital business leads.
This year, China Telecom deepened the strategy of "cloud to digital transformation", promoted the construction of cloud-network integration infrastructure based on scientific and technological innovation, and promoted the development of the digital economy with the customer as the center. At the same time, it successfully returned to A and listed, providing "ammunition" for China Telecom to become a service-oriented, technology-based and security enterprise.
Returning to A to start a new journey
In March 2021, China Telecom announced that it intends to apply for A-share issuance and listing on the main board of the Shanghai Stock Exchange by seizing the opportunities of digital development, improving corporate governance, broadening financing channels, accelerating reform and development, promoting the implementation of strategies, and achieving high-quality development.
Since then, in less than half a year, China Telecom signed the IPO counseling agreement on the main board of the Shanghai Stock Exchange in April and completed the counseling a month later, the initial listing application was approved in July, and the new stock subscription and listing was completed in August. China Telecom intends to raise 54 billion yuan, and the number of new shares issued and the amount of funds raised will hit a new high in the past 10 years, and become the fifth largest IPO in the history of A-shares.
China Telecom made it clear that the more than 54 billion yuan raised this time will be used for 5G industrial Internet construction projects, cloud-network integration new information infrastructure projects and scientific and technological innovation research and development projects. At the same time, in the next three years, the total investment scale of the three major fundraising projects will reach 102.1 billion yuan.
Ke Ruiwen, chairman of China Telecom, pointed out that China Telecom will take this A-share listing as an opportunity to comprehensively deepen reform, implement a market-oriented incentive mechanism, further integrate various resources of enterprises, optimize organizations, teams and processes, improve operational service capabilities, give full play to the power of capital and ecology, and further promote the strategy of "cloud change and digital transfer" in an all-round way.
Cloud change has entered a new stage
Referring to the "cloud to digital transfer", China Telecom further proposed to "accelerate the digital transformation of the cloud and promote high-quality development" from the four aspects of cloud-network integration, institutional mechanism innovation, open cooperation and internal digitalization at the 2020 mid-term work conference, so as to promote the digital transformation of the whole society with its own digital transformation.
For more than a year, "cloud change" has become the main theme of China's telecom development. China Telecom has established the 16-character development principle of "network is the foundation, cloud as the core, network moves with the cloud, and cloud and network integration", and constantly enriches and adds two important characteristics of "safe and controllable" and "green and low-carbon". By integrating strong cloud network resources, building a new information infrastructure with cloud-network integration, and through the construction of digital platforms, we will help the digital transformation of thousands of industries.
Focusing on the strategy of "cloud to digital transformation", China Telecom focuses on the digital economy and digital life, and accelerates the market-oriented operation of professional fields. This year, China Telecom has successively established professional subsidiaries such as Tianyi Cloud Technology Co., Ltd., Tianyi Digital Life Technology Co., Ltd., Tianyi Security Technology Co., Ltd., Tianyi Transportation Technology Co., Ltd., and China Telecom Digital City Technology Co., Ltd. to accelerate the construction of key capabilities in various subdivisions.
It is worth mentioning that China Telecom's strategic placement of A listing introduced 20 strategic investors, through a stronger capital bond, in the 5G industry application, cloud-network integration, network information security, digital life, smart life and other fields, the formation of strategic synergy and mutual empowerment, to jointly build an industrial ecology, inject new momentum into development.
The infrastructure is in your own hands
The development of the digital economy first requires the construction of an intelligent and comprehensive digital information infrastructure with high-speed ubiquitous, integration of heaven and earth, integration of cloud and network, intelligent and agile, green and low-carbon, safe and controllable. China Telecom highlights the responsibility of central enterprises and takes the construction of an integrated ubiquitous information network of "land, sea, air and space" as its mission.
At present, China Telecom has built the world's largest LTE-FDD network; the world's largest 5G SA co-construction and sharing network, with a cumulative number of 1.159 million 5G base stations in use as of September 2021; the world's largest NB-IoT network; the world's largest gigabit optical fiber network; the world's leading Internet operator and the only satellite mobile communication operator in China.
On this basis, China Telecom released the "Tianyi Video Network" to build the world's largest operator-level video backhaul and processing network, and build the fifth basic network in addition to mobile networks, broadband networks, Internet of Things, and satellite networks. At the same time, China Telecom further implemented the all-optical network 2.0 plan and innovated to build a new metropolitan area network, continuously improving the intelligent operation capabilities, security capabilities and operational efficiency of the network.
In addition, in 2021, China Telecom Satellite Company cooperated with China Eastern Airlines and Panasonic Avionics to smoothly take off flight MU5101 as the first high-speed network flight officially commercialized by the domestic Ku high-throughput satellite, opening a smooth online surfing journey for passengers at an altitude of 10,000 meters. It also released the Tiantong satellite Internet of Things service, deeply integrating the Tiantong satellite communication network with the terrestrial Internet of Things technology.
In addition, China Telecom adheres to the development direction of the cloud and continues to strengthen the construction and deployment of the cloud, laying a solid foundation for the cloud-network integration strategy. By increasing the research on key core technologies such as cloud-based software and hardware, cloud technology bases, and cloud innovation services, and promoting the continuous upgrading of Tianyi Cloud, it has now entered the 4.0 stage, with the important characteristics of distributed, autonomous and controllable, safe and credible, and open cooperation.
More importantly, China Telecom officially released the "China Telecom Science and Technology Innovation Action Plan" at this year's Tianyi Intelligent Ecological Expo, a key step of which is to basically build a science and technology enterprise recognized by the state, the market and customers and has its own characteristics by the end of the "14th Five-Year Plan" period, basically realize the autonomy and controllability of the cloud network, and firmly grasp the network in its own hands.
Target scientific and technological innovation leader enterprise
Undertaking the action plan of scientific and technological innovation, at the 2020 Tianyi Intelligent Ecological Expo, China Telecom officially put forward the idea of building a science and technology enterprise. In 2021, we will officially establish the vision of Yongdang as the source of original technology and the long chain of modern industrial chain, build China Telecom into a science and technology enterprise with independent control of key core technologies, enter the first camp of national scientific and technological innovation enterprises, and strive to become a scientific and technological leader and a national strategic scientific and technological force.
In order to realize this vision, China Telecom has made it clear that from now until 2035, it will build a science and technology leader in three steps and become a national strategic scientific and technological force. The first step is to realize the autonomy and controllability of the cloud network mentioned above, which is also a key step. The second step is to build a technology-based enterprise by 2030, with cloud network operation technology leading global operators, and significantly improving international discourse power and influence. The third step is to realize the ability of scientific and technological innovation to enter the first camp of global operators, central enterprises and similar markets by 2035.
Focusing on the goal of the first phase, China Telecom plans to increase the intensity of R&D investment to more than 4%, R&D personnel account for more than 15%, the self-research rate of key systems and key platforms exceeds 50%, the contribution of scientific and technological innovation to revenue growth exceeds 70%, the network autonomous driving capability has reached L4 in an all-round way, and the international standards in key areas of cloud network have entered the top three global operators.
All scientific and technological innovation, the core depends on people. To this end, China Telecom implements the strategy of strengthening enterprises with talents and creates a talent team with differentiated competitive advantages. On the one hand, through the introduction of core high-end talents, we will strengthen the R&D capabilities of the R&D team; on the other hand, we will actively promote the transformation of the group's internal operation talents to R&D and IT talents to cloud network talents. And the establishment of a market-oriented incentive mechanism, the implementation of personal salary can be high and low, salary incentives to key areas and high-level professionals tilted.
In addition, in 2021, China Telecom officially established the "China Telecom Science and Technology Association", which is committed to building a bridge for internal and external scientific and technological workers to exchange and share technology, promote collaborative innovation; promote the construction of scientific and technological innovation culture, stimulate the enthusiasm, initiative and innovation of scientific and technological staff; and create a "home for scientific and technological workers" to allow scientific and technological personnel to fully display their talents.
It can be seen that scientific and technological innovation has become the first driving force for the development of China Telecom, and vigorously promoting scientific and technological innovation and continuing to build a science and technology enterprise is listed as the first key task in 2022. Focus on accelerating key breakthroughs in the field of research and development, optimize the scientific research mechanism, build a strong talent team, increase investment in scientific research resources, accelerate the industrialization of achievements, strengthen scientific research ecological cooperation, and enhance the influence of the industry.
C114 communication network Water easy