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Wireless

China Telecom's 9-month profit up nearly 2%, adds 60 mln 5G customers

Friday 30 October 2020 | 03:15 CET | News
China Telecom posted operating revenues of CNY 292.61 billion for the first nine months of 2020, which represents an increase of 3.5 percent year-on-year. Service revenues amounted to CNY 280.86 billion, up 3.5 percent, while EBITDA reached CNY 92.21 billion, slightly increasing by 0.3 percent from the first nine months of 2019. EBITDA margin stood at 32.8 percent. Profit reached CNY 18.70 billion in the first nine months of 2020, which represents a growth of 1.7 percent over the same period of 2019.

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Categories: Mobile & Wireless
Companies: China Telecom
Countries: China
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