China Netcom reports 3Q results

15 Oct 2008

China Netcom Group Corporation (Hong Kong) has reported revenues of RMB60.68 billion for the first nine months of 2008. It gave no comparative figure for the same period of 2007. The amount includes up-front connection fees of RMB710 million; excluding these charges Netcom’s revenue for the period was RMB59.97 billion, down 1.8%. At the end of September 2008, Netcom had 24.86 million broadband subscribers, an increase of 5.09 million on the start of the year. Fixed line subscribers decreased by 3.49 million to 107.33 million over the same period.

China, China Netcom