Currently, more than 1% of all Chinese live in the United States.
Chinese Telecommunication Americas company chairman, Tan Yijun, commented, when recently accepting a reporter's interview, expressed that the price for an American telecom investment will have an extremely competitive power.
In order to seek business in the US consumer marketplace, Chinese Telecommunications has already launched the cooperation experiment with the Sprint, and in the near future will choose them for the final network.
Tan Yijun indicated that if this wireless service development is good, the Chinese telecommunication will consider a purchase in the U.S. for a wireless network. “so long as this service can obtain the swift growth, we will put in our network infrastructure in the American market.
Per Tan Yijun, by the end of June 2011, Chinese Telecommunication Americas Corporation had $4 billion in available cash to invest in Sprint.
China Telecom Americas furthers U.S. presence with its new Chicago office November 14, 2011 — 11:48am ET | By Sean Buckley
China Telecom Americas (NYSE: CHA) continues to stretch its wings in the U.S. domestic market by opening a new office in Chicago, a major hub for multinational businesses.
Although the service provider may be new to the area, China and Chicago already have a strong affiliation with one another as the city currently is the home of 300 companies that have branch offices in China.
Donald Tan, president of China Telecom Americas said that they "have seen a growing demand for diverse, reliable communication from companies, especially in the Chicago region."
The city is not only the home to a number of large financial, manufacturing and pharmaceutical companies, which are all looking for an alternative connectivity source to APAC and China, but also to 30 China-based companies.