President of China Telecom: Whether the listing of the company can bring profits and influence is still uncertain

On May 29th, China Telecom held a general meeting of shareholders yesterday. At the meeting, some shareholders asked the company to go public. Will China Telecom consider releasing special dividends? In this regard, China Telecom's president and chief operating officer Liu Aili did not respond positively. It only said that the profit and impact of the listing of the tower company is still difficult to determine.

In addition, when shareholders interviewed the management for the dividend payout ratio, they considered paying dividends in RMB. Liu Aili responded that the company's dividend payout ratio is 40%, and the dividend payout is growing year by year. It is considered to fully take into account the profit situation, capital expenditure and cash use. After the situation, as for whether to consider paying dividends directly in RMB, it is necessary to consider the rules of the two sides of the strait and consider it to be a complicated issue.

As for the company's dividend payout ratio dropped slightly from 2016, Liu Aili stressed that there is an increase in absolute dividend payout. As for the performance of dividends in the future, we must pay attention to 5G development and capital expenditure. He stressed that the company attaches great importance to shareholders' interests.

Liu Aili added that 5G capital investment is still difficult to predict, and the specific standard will not be released until the second half of this year. He believes that 5G and 4G must be coordinated development, because 4G can meet most of the needs in the personal communication level, while 5G can It plays a role in the low-latency level of the Internet of Vehicles and the Industrial Internet, but the specific business model is still being explored globally.