Datang Telecom Technology | |
Logo Alt: | company logo on the left and the calligraphy of the Chinese word "Datang Telecom" on the right |
Trade Name: | Datang Telecom |
Type: | Public |
Industry: | Telecommunications |
Founded: | (spin off) |
Founder: | Datang Telecom Group |
Predecessor: | Divisions of Datang Telecom Group |
Hq Location City: | Beijing |
Hq Location Country: | China |
Subsid: | Leadcore Technology |
Footnotes: | in consolidated financial statement[1] |
Datang Telecom Technology Co., Ltd., known as Datang Telecom or DTT, is a Chinese listed company based in Beijing, China. It is a subsidiary of state-owned "China Academy of Telecommunications Technology" (CATT), which had a trading name Datang Telecom Group.
In 1998 "China Academy of Telecommunications Technology" had transformed from a research institute to both research institute and holding company, by incorporating a subsidiary Datang Telecom Technology (DTT) on 21 September 1998 under the Companies Law of China. On 21 October 1998 DTT became a public company in the Shanghai Stock Exchange. The research institute also had a new trading name Datang Telecom Group.
In 2012 Datang Telecom Technology acquired 75.88% stake of Leadcore Technology from the parent entity.
In 2017, Leadcore formed a Sino-foreign joint venture with Qualcomm and other investors. It was approved by the Chinese regulator in 2018.[2]
In May 2018, due to heavy net loss in 2017 financial year, the company was marked as *ST (* special treatment) by the Shanghai Stock Exchange. It was reported that the company facing delist from the exchange.[3]