National Australia Bank has increased its stake in China Telecom (CHA) from 4.79% to 5.15% with an additional investment of CNY142 million.

China Telecom has been actively shifting its role as an information service provider. Despite its unsatisfactory midterm performance, securities companies still think highly of the company's stock.

As the largest fixed telecom service operator in China, China Telecom received 730,000 new users, which was the smallest annual increase for the company, this year.

At present, China Telecom's stock is regarded as value-oriented stock at the stock market.

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