China Unicom profit jumps as ARPU climbs - Mobile World Live

China Unicom profit jumps as ARPU climbs

21 OCT 2021

China Unicom credited steady gains in 5G subscribers for fuelling ARPU growth over the opening nine months of the year, which contributed to a double-digit rise in profit.

The operator added 66.1 million 5G package customers to take the total to 137 million at end-September, putting penetration at 43 per cent.

Mobile service revenue rose 5.8 per cent year-on-year to CNY123.3 billion ($19.3 billion), with ARPU increasing 6.3 per cent to CNY44.30. Total mobile subcribers increased 2 per cent to 315.5 million.

Net profit rose 19.4 per cent to CNY12.9 billion, aided by a 30 per cent drop in finance costs. Total service turnover grew 7.3 per cent to CNY222.4 billion, and product sales 22.7 per cent to CNY22.1 billion.

Fixed-line sales rose 9.1 per cent to CNY97.1 billion; industry internet revenue increased 25.3 per cent to CNY40.9 billion.

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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...

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