Communications sector revenues rise 11.4%

20 Nov 2006

Revenue from China’s communications sector rose by 11.4% to CNY589.19 billion (USD74.94 billion) in the first ten months of 2006, according to the Ministry of Information Industry (MII). Telecom revenue rose 11.4% year-on-year to CNY536.09 billion, while postal revenue grew by the same margin to CNY53.09 billion. Fixed asset investment in the telecom sector was CNY158.63 billion, up 13.9% from a year earlier. Mobile phone users at the end of October totalled 449.02 million, while the number of fixed lines stood at 370.14 million.

China