China Telecom highlights 5G progress - Mobile World Live

China Telecom highlights 5G progress

21 OCT 2022

China Telecom booked growth in 5G adoption in Q3 despite Covid-19 (coronavirus) restrictions in many cities, with more than 64 per cent of its user base now signed up to the next-generation service.

The operator added 95.5 million 5G package subscribers, taking its total to 251 million at end-September. It’s overall user base rose by 20.2 million to 369.7 million.

In an earnings release, chairman and CEO Ke Ruiwen stated China Telecom will continue to promote its cloud and digital transformation strategy to develop as a service-oriented enterprise.

Net profit rose 12 per cent year-on-year to CNY6.3 billion ($869.1 million), and operating revenue grew 7.9 per cent to CNY118.7 billion.

In the opening nine months, mobile service revenue grew 5.6 per cent to CNY148.4 billion, with ARPU of CNY45.50.

Enterprise service sales grew 16.5 per cent to CNY85.6 billion, with revenue from its e-Surfing cloud unit doubling.

Operating expenses rose 9.9 per cent to CNY330.7 billion, attributed to an increase in network operations and support expenses.

Back

Author

Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

Read more

Related

Tags