Tuesday, May 25, 2010

China Telecom expects lower revenue

Wednesday May 26, 2010



HONG KONG: China Telecom, the country’s largest fixed-line operator, says it expects this year’s fall in fixed-line revenue to be similar to what it saw in 2009, as users continue to migrate to mobile services.

Like many of their peers in developed economies, telecommunications operators in China have been trying to attract new users to their mobile and data services as voice income falls in an increasingly saturated market.


China Telecom’s overall wire-line revenue fell 3.2% last year to 172.6 billion yuan (US$25bil), led by an 18.5% fall in wire-line voice services, which accounted for 45% of the total. — Reuters

http://biz.thestar.com.my/news/story.asp?file=/2010/5/26/business/6336029&sec=business

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