Reuters reports that China Unicom, the country’s number two operator, said third quarter profit fell 11 percent from the previous quarter, as competition heated up in China’s telecoms sector. Unicom said today its net profit in the July-September period totalled CNY2.72 billion (US$398 million), based on Reuters calculations using data from the company’s website. The drop comes after its second quarter earnings fell 14.6 percent from the first three months of the year.