China Telecom reports 9M results

29 Oct 2010

China Telecom has recorded a 5.4% increase in operating revenue to RMB163.16 billion (USD23.36 billion) in the first nine months of 2010, up from RMB154.75 billion in the same period of 2009. EBITDA (before CDMA network capacity lease fees) was RMB68.24 billion, an increase of 7.4%, while profit for the period climbed 10.5% to RMB12.59 billion. Operationally, China Telecom ended September with 178.28 million main lines in service, down from 188.56 million at the start of the year. Broadband subscriptions rose from 53.56 million to 61.07 million, while mobile users jumped to 82.98 million, of which 9.15 million were connected to its 3G network.

China, China Telecom Corporation, China Telecom Group