China Telecom Ltd., one of China's three main state-owned phone carriers, says its quarterly profit fell 9 percent from a year earlier due to tax changes and a rise in personnel costs.
China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.
State-owned phone company China Unicom said Thursday its first-half profit jumped on higher mobile data revenue and lower fees to connect to a rival's network.
China has issued licences for "fourth generation", or 4G, mobile phone services, the government said Wednesday, in a move to boost economic growth and job creation.
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.
Apple fans clamouring for the two new iPhones formed a kilometre-long queue in Tokyo Friday, but high prices in Asia and the lack of a new tie-up in the vast China market dampened the global roll out.
Apple's highly anticipated event Tuesday looks to extend the reach of the iPhone to new markets as the tech giant moves to regain momentum in the smartphone segment.
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.
State-owned China Mobile's first half-profit rose just 1.5 percent as the world's biggest phone company by subscribers grappled with rising competition.
Vodafone, China Mobile and an investment fund linked to billionaire George Soros are among 22 bidders vying to enter Myanmar, one of the world's last unexplored mobile telephone frontiers.