China Telecom reports 2007 results

31 Mar 2008

China’s largest fixed line operator China Telecom has reported that operating revenues rose by just 1.7% in 2007 to RMB178.6 billion (USD25.5 billion), while EBITDA was virtually unchanged at RMB89.2 billion. Net profit for the year ended 31 December 2007 fell to RMB23.7 billion, from the previous year’s figure of RMB27.2 billion. Voice revenues for the year were down 7.9% to RMB111.3 billion, while voice ARPU fell 10.1% to RMB41.8. Non-voice revenues were up by 28.8%, however, to RMB64.05 billion. Access lines in service fell by around three million during the course of the year to 220.3 million, of which 121.8 million were connected to residential customers, 24.8 million to government and enterprise users, 15.7 million were public telephones and 58 million were PAS connections. In terms of broadband subscribers, the company added 7.33 million new customers to take its total to 35.65 million.

China, China Telecom Corporation, China Telecom Group