The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants: China Telecom, China Mobile and China Unicom.

Chinese foreign ministry spokeswoman Hua Chunying said on Friday U.S. claims about risks to national security were completely false, following a U.S. decision to halt China Telecom U.S. operations.

The Justice Department and other executive branch agencies recommended Thursday that the Federal Communications Commission (FCC) revoke and terminate China Telecom Corp.'s authorizations to provide international telecommunication services to and from the U.S.

Two of China's big three state telecom companies, China Telecom and China Unicom, are working together to build a 5G mobile network in a cost-cutting venture that could crimp orders for vendors such as Huawei Technologies.

China Telecom said its 2018 net profit rose 13.9% from a year earlier.

China Mobile, China Unicom and China Telecom have been granted 5G radio frequency spectrum allocations to pursue trials in the next-generation mobile system ahead of its wide roll-out from 2020

Apple's Chinese iCloud partner, Guizhou-Cloud Big Data (GCBD), has cut a deal with the state-run China Telecom to move user data to the latter's servers, according to a public-facing WeChat post from China Telecom. Though the iCloud data is end-to-end encrypted, the encryption keys are also stored in China, raising the possibility the Chinese government could gain access to it.

As a result, without any products to sell and missing the crucial 5G transition revolution, we expect ZTE, a publicly traded company on the Hong-Kong and Shenzhen Stock Exchanges, to file for bankruptcy in the next few weeks.

Shares of all three Chinese telecommunications carriers rose on Thursday following speculation on social media of consolidation in the sector that would see China Telecom and China Unicom merge.

China Telecom is expected to become world's largest CDMA operator within this year, said Perry LaForge, an executive board member of the CDMA Development Group.

A source at China Telecom revealed recently that Qualcomm has decided to lower CDMA patent licensing fees for Chinese manufacturers--possibly even lower than the patent licensing fees levied by the WCDMA camp. Specific fee rates have yet to become clear.