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Wireless

China Unicom warns for 80% fall in H1 profit

Friday 29 July 2016 | 14:33 CET | News
China Unicom reports that, in the first half of 2016, the Group's operation was on track as planned. The Group achieved a net addition of mobile billing subscribers of 8.39 million during the period. In the first half of 2016, profit is expected to decline by 80 percent compared to the same period of 2015, mainly because selling and marketing expenses increased significantly, and the addition of tower usage fee, higher energy charges and property rentals, etc. led to a substantial increase year-on-year in network, operation and support expenses, the company said.

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