China Telecom reported first-quarter revenues down 2.1 percent year-on-year to CNY 81.45 billion. Service revenues slightly decreased by 0.2 percent to CNY 72.7 billion. EBITDA also decreased by 2.2 percent to CNY 24.5 billion, while net profit went down 9.2 percent to CNY 5 billion. For the first quarter of 2015, the number of mobile subscribers of the group reached 189 million, following a cumulative net addition of 3.20 million users in the period.
3G/4G subscribers reached approximately 125 million, after a cumulative net addition of 6.22 million. The number of 4G terminal users for the first quarter reached 16.75 million, representing a cumulative net addition of 9.67 million. Facing the challenges from the new internet technology and the intensified mobile substitution, the number of local access lines in service of the group declined by 2.15 million in the first quarter, the company said. The number of wireline broadband subscribers reached 108 million, representing a net addition of 1.35 million.
