AT&T, China Telecom strengthen bond with expanded partnership agreement

Two of the world's telco giants are strengthening their existing global partnership. AT&T (NYSE: T) and China Telecom said today that they are expanding their partnership in each of their native regions, while looking for other ways to support one another in other regions of the world.

AT&T said the new agreement would allow it to expand services for multinational business customers in China. The U.S. carrier also said that AT&T and China Telecom also will look to jointly develop new services that may include videoconferencing and managed hosting. AT&T already has more than 600 business customers in China, and has been seeing double-digit percentage growth in China over the last three years, according to a Reuters post.

China Telecom, for its part, recently was seen furthering its U.S. market presence when its China Telecom Americas (NYSE: CHA) unit opened a new office in the Chicago area to better serve a growing group of Chinese customers there. The telco also recently sought to expand Ethernet capabilities in the U.S. through a partnership with Ethernet exchange provider CENX.

The company said that expanding the partnership with AT&T will allow China Telecom to improve services to Asian customers in the U.S. over AT&T's network. AT&T and China Telecom have worked together since 2000, when they formed the Shanghai Symphony Telecommunications Co. joint venture.

For more:
- here's the Reuters story

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