China Telecom reports CNY5.91 billion 1Q profit

21 Apr 2006

The world’s largest fixed line phone company has reported that in the first three months of 2006 it generated a profit of CNY5.91 billion (USD737.6 million) on the back of revenue of CNY41.76 billion. At the end of the quarter China Telecom reported that the number of fixed lines in service had grown to 215.18 million, an increase of 5.1 million, while its broadband base was swelled by the addition of 2.14 million new customers to take its total to 23.02 million.

China, China Telecom Corporation