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Tag: telecom
China Telecom H1 earnings up 16% on demand for 3G services
2013-08-21 10:36:00| Telecompaper Headlines
(Telecompaper) China Telecom reported first-half revenues up 14.1 percent to CNY 157.5 billion, driven by its expanding mobile business. EBITDA surged 35.5 percent higher to CNY 139.2 billion, helping the margin improve 6.8 percent points compared to a year earlier to 36.0 percent. Net profit rose 15.9 percent to CNY 10.2 billion. Mobile service revenues were up 28.3 percent to CNY 54.6 billion, thanks to strong demand for 3G services. The operator added 18.28 million 3G users in the six months, for a total 87.33 million at the end of June, and mobile data revenues were up 35.8 percent year-on-year to CNY 26.2 billion in H1. Customers with 3G handsets used an average 168 MB per month in the first half, up 51 percent from a year ago. The growth in data services helped ARPU increase 3.6 percent year-on-year to CNY 54.3. The total mobile customer base rose by 30 million lines compared to a year ago to 174.50 million. China Telecom said network expansion was helping drive the growth in 3G, and it will launch a LTE network to sustain the growth. Capex was up slightly in H1 at CNY 33.1 billion, and the operator plans to spend around CNY 75 billion over the full year. Despite free cash flow of CNY 13.8 billion in the first half, China Telecom said it will not pay an interim dividend, in order to maintain flexibility in funding.
Tags: services
china
demand
telecom
China Telecom 1H net profit rises 15.9%
2013-08-21 02:00:00| Total Telecom industry news
Chinese operator added 18.3 million 3G subscribers in six months.
Tags: net
china
profit
telecom
China Telecom, NetEase launch mobile IM app
2013-08-20 04:31:00| Telecompaper Headlines
(Telecompaper) China Telecom and Chinese internet company NetEase have introduced a mobile instant messaging app called YiChat. The two companies formed a joint venture to offer the IM app and aim to become the most popular IM app in China. YiChat allows users to send free text and voice messages to any mobile phone and voice messages to any fixed number, without the need for YiChat to be installed on the recipient's phone.
Tags: china
mobile
launch
telecom
Mexican Tycoon Carlos Slim's Plan to Expand His Telecom Empire Into Europe Runs Into Opposition
2013-08-20 03:41:29| Telecom - Topix.net
The KPN Foundation , an independent entity in the Netherlands that has the right to veto hostile takeovers, expressed concern that Amrica Mvil , the telecommunication giant controlled by Mexican billionaire Carlos Slim 's family, has not set out its intentions for KPN and E-plus, KPN's German subsidiary.
China Telecom and NetEase Form Joint Venture to Launch Social Instant Messaging Application "YiChat"
2013-08-19 18:22:56| Telecom - Topix.net
YiChat differentiates itself from other social instant messaging applications through the integration of various unique technologies.For example, YiChat users can enjoy sending free text and voice messages to any mobile phone or free voice messages to fixed lines, without the need for YiChat to be installed on the receiving devices.
Tags: form
social
china
application
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