
China Telecom said Tuesday that first-half profit rose 8 per cent as its mobile phone business grew despite strong competition.Profit for the six months ending on June 30 was 9.8 billion yuan (Dh5.63 billion), or 0.12 yuan a share, the Beijing-based company said. Revenue rose 11.5 per cent to 120.2 billion yuan.Mobile phone revenue rose 28 per cent to 18 billion yuan despite competition from rivals China Mobile and China Unicom while revenue for traditional fixed-line services declined.China Telecom was long the country's dominant phone carrier but fell behind China Mobile as customer demand shifted to wireless services. That prompted Beijing to restructure the industry into three groups in 2008, each with mobile and fixed-line assets, to revive competition and speed industry development. The three rivals have focused on mobile phones and nontraditional services such as wireless Internet access to drive revenue growth as demand for traditional fixed-line services declines.China Telecom said its number of mobile subscribers rose 19.7 per cent over a year earlier to 108 million. The number of third-generation subscribers rose 75.3 per cent to 21.5 million. From / Gulf News
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor