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General

China Telecom revenues off 0.4% in 2019 marked by 5G construction

Tuesday 24 March 2020 | 11:02 CET | News
China Telecom reported results for the full year pulled down by a tough comparison point, following a one-gain last of CNY 1.1 billion, but said it pushed 5G opportunities and attained a "promising start" in 5G commercialisation. This focus will continue going forward, on network construction, co-building and co-sharing as well as one cloud-network integration, accompanied by lean management and a focus on shareholder returns. Capex for the year amounted to CNY 77.6 billion, while free cash flow reached CNY 21.7 billion.

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Categories: General
Companies: China Telecom
Countries: China
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