The number of mobile phone users in China surpassed 700 million by the end of July, double the total population in the United States, as more people switched from fixed-line phones, the Ministry of Industry and Information Technology said yesterday.
The telecommunications revenue reached 477.49 billion yuan (US$69.9 billion) in the first seven months, a growth [...]
China Telecom Corp, Ltd., China’s largest fixed line service provider, said Thursday that net profits fell 27.5 percent from a year earlier in the first half of this year on losses of fixed-line subscribers and increased costs on mobile services.
Net profits stood at 8.41 billion yuan (1.23 billion U.S. dollars) in the first half, excluding [...]
China Telecom has purchased 4 million 3G handsets, including models priced at only 1,000 yuan (US$147), in a move expected to help the telecommunications carrier penetrate the medium-and-entry level market, the firm said yesterday.
China Telecom ordered the handsets from 31 firms, including ZTE, Samsung and Coolpad. The first entry-level phones are expected to debut by [...]
China Mobile signed agreements with Taiwan-based HTC Corp, the world’s No. 4 smartphone maker, to jointly develop 3G handsets based on home-grown technology, both sides said yesterday.
The deal is expected to help China Mobile, the world’s biggest mobile carrier, increase its variety of 3G handsets based on home-grown TD-SCDMA (time division-synchronous code division multiple access) [...]
China Mobile yesterday reported its first drop in net profit since 1999 because of rising competition from rivals China Telecom and China Unicom and its weak 3G performance.
The world’s biggest telco posted a net profit of 30.1 billion yuan (US$4.42 billion) in the second quarter, compared with 30.6 billion yuan a year ago.
Analysts had previously [...]
ZTE Corp, China’s second-largest telecoms equipment maker, posted a 41.9 percent rise in second-quarter net profit, boosted by huge spending on 3G networks by the country’s three telecom carriers.
ZTE second-quarter earnings rose to 704.7 million yuan (US$103.2 million) - based on Reuters calculations - falling short of the 733 million yuan forecast by Reuters Estimates. [...]
