3G Data Boosts China Telecom's Interim Revenue and Profit Figures

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China Telecom posted strong increases on its revenue and profit figures for its interim results for the first half of this year. Its operating revenues increased by 14.1% to RMB157,520 million (USD 25.7 billion) while EBITDA increased by 35.5% to RMB50,114 million (USD 8.2 bil). China Telecom has 175 million mobile subscribers, which grew by 8.6% in the last six months with 3G mobile subscribers reaching 87.33 million, a 26.5% increase for the same period.  Revenues from mobile services amounted to RMB54.6 billion (USD 8.9 billion), which is the highest growth rate in the industry, accounting for 35% of its total revenues. 
 
Source - China Telecom Interim Results 2013 
     

China Telecom led the data market with pure data packages and interesting products such as 189 mail as well as e-Surfing Cloud. 189 mail enables subscribers to access Vibeo, a popular micro blogging site in China while e-Surfing Cloud includes free cloud storage space for its customers.   These and the promotion of self-developed applications such as product centre services as well as external applications led to a 51% increase in the monthly data usage by 3G subscribers, reaching an average of 168MB per user while total Internet access traffic almost tripled, doubling the revenues compared to the same period last year. China Telecom's 3G services have a penetration of 50%, compared to rivals China Mobile and China Unicorn whose penetration is 18% and 38% respectively. The increase of its China Telecom's mobile market share from 4% in 2008 to current 15%, its dominance in the 3G market and its wireline broadband subscriber base of 95.82 million will contribute to spur its growth in the data segment.  

 

  Source - China Telecom (August 21, 2013) Follow US @ Policy and Charging Control Policy and Charging Control Policy and Charging Control

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Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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