China Telecom profit up 20 percent on 3G users

Oct 28, 2013

State-owned China Telecom, the country's third-biggest mobile phone operator by subscribers, said Monday that quarterly profit grew by a fifth as it continued to benefit from spending by new users of data-hungry iPhones.

China Telecom profit in the July-September quarter rose to 4.5 billion yuan, up 20 percent from a year earlier. Revenue rose 12 percent to 86.7 billion yuan.

The Beijing-based company started offering Apple's popular smartphone in March 2012, becoming the second Chinese mobile phone company to do so.

Internet access and data services continued to have "robust growth momentum," offsetting the decline in traditional fixed-line voice service, Chairman Wang Xiaochu said in a statement.

China Unicom, the other carrier offering the iPhone, reported last week that quarterly profit jumped by half, while China Mobile, which operates a third-generation network that doesn't support iPhones, said profit fell 9 percent.

China Telecom added 9.15 million third-generation customers in the latest quarter, bringing the total to 96.48 million. With a loss of 2G customers factored in, total mobile subscribers grew by 6.64 million to more than 181 million

China's three state-owned mobile phone companies are ratcheting up competition as they spend heavily to build faster fourth-generation networks to support the latest smartphones and tablets.

Explore further: Why the Sony hack isn't big news in Japan

not rated yet
add to favorites email to friend print save as pdf

Related Stories

China Telecom profit rises after it offers iPhone

Aug 21, 2013

State-owned China Telecom, the country's third biggest mobile phone operator by subscribers, said Wednesday that profits grew in the first half of the year as revenue from iPhone sales kicked in.

China Telecom profit falls 9.5 percent

Mar 20, 2013

State-owned China Telecom Corp. said Wednesday that profit fell 9.5 percent last year because it spent more to market the iPhone as it battled rivals for higher-paying customers.

China Unicom 2012 profit jumps by two-thirds (Update)

Mar 21, 2013

China Unicom Ltd., the country's second biggest mobile phone company by subscribers, said Thursday that 2012 profit jumped by more than two-thirds as revenue from third-generation mobile services surged despite stiff competition.

China Unicom 1H profit leaps 55 percent

Aug 08, 2013

China Unicom Ltd., one of the country's three big state-owned phone companies, said first half profit jumped by more than half as it signed up more third-generation users and customers increased their usage of mobile data ...

China Telecom profit down 8.3 percent

Aug 22, 2012

(AP) — China Telecom Ltd., one of the country's three major state-owned phone carriers, said Wednesday its first-half profit fell 8.3 percent amid intense competition and high technology costs.

Recommended for you

Why the Sony hack isn't big news in Japan

9 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

14 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

15 hours ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

Dec 19, 2014

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

jabeen
not rated yet Dec 12, 2013
Pakistan Telecommunication Authority (PTA) has directed all operators to enforce Biometric System by December 20 .
http://news.mobil...telecom/

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.