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: Twitter boss launches global cash register service

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

'Call of Duty' blasts past $10 bn in sales

4 hours ago

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

8 hours ago

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

Apple, Xiaomi trade smartphone barbs in China

18 hours ago

Top executives from US technology giant Apple and Chinese smartphone upstart Xiaomi traded light-hearted barbs on Thursday at a Chinese Internet conference, acknowledging the fierce competition between the ...

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.