Monday, 20 November 2017

China Telecom posts profit growth on 4G adds

By Mary Lennighan, Total Telecom
Wednesday 23 August 17

Chinese operator outpacing China Mobile in 4G net adds, but will not make dividend payout.

China Telecom reported strong growth in net profit in the first half of 2017, aided by the addition of more than 30 million 4G customers. The Chinese operator's bottom line came in at 12.54 billion yuan (€1.6 billion) for the six months to the end of June, up by 7.4% on the same period a year earlier, while EBITDA grew by 3.7% to CNY52…

China Telecom reported strong growth in net profit in the first half of 2017, aided by the addition of more than 30 million 4G customers. The Chinese operator's bottom line came in at 12.54 billion yuan (€1.6 billion) for the six months to the end of June, up by 7.4% on the same period a year earlier, while EBITDA grew by 3.7% to CNY52…

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