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General

China Telecom grows FY mobile revenues 42%

Wednesday 20 March 2013 | 09:18 CET | News
China Telecom reported 2012 revenues up 15.5 percent to CNY 283.07 billion. Mobile revenues improved 42.5 percent to CNY 117.83 billion, and wireline revenues were up 1.8 percent to CNY 162.37 billion. EBITDA, including network leasing fees, fell 6.0 percent to CNY 96.39 billion. China Telecom recently completed the acquisition of its main mobile network assets and said it expects profitability to improve once the leasing fees end. The operator's net profit for the year was down 9.5 percent to CNY 14.93 billion or CNY 0.18 per share, hurt by extra costs for launching the iPhone and expanding

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Categories: General
Companies: China Telecom
Countries: China
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