In Depth: China Telecom Comes Home With Mainland Listing

After nearly two decades in the wilds of Hong Kong, Chinese wireless carrier China Telecom Corp. Ltd. is finally coming home.

The name that is arguably China’s oldest phone company revealed March 9 that it had applied for a new listing on the Shanghai Stock Exchange, a move that would make its stock easily available to Chinese mainland investors who have used its services for years. It said it would sell up to 12.1 million A-shares, or about 13% of its total, which could raise up to $4 billion.