Net profit at China Telecom Corp, which acquired China Unicom’s CDMA business last year, tumbled 29 percent year on year in the first half of this year because of spending on mobile phone promotion and network construction.
China Telecom, the nation’s largest fixed-line operator, had net profit of 9 billion yuan (US$1.3 billion) in the first [...]
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 [...]
Ningbo Bird Company, which used to be the No. 1 China-brand handset in the domestic market, posted a wider loss in the first half of the year yesterday due to a tough economic environment and fierce competition.
In the first six months, Ningbo Bird widened its loss to 38.54 million yuan (US$5.67 million) from 22.08 million [...]
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 [...]
Xinhua News Agency and China Telecom, one of China’s three leading mobile telecom carriers, on Saturday launched a Xinhua TV News channel through the high-speed third-generation network (3G) in Shanghai.
Subscribers in Shanghai can get multimedia news services of Xinhua with their “e surfing” cell phones provided by China Telecom, said Zhang Weihua, general manager of [...]
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 [...]
