China Telecom’s revenues rose 14.8% in the first half of 2012 to RMB 138.0 billion (US$21.7 billion), up by 14.8%. Excluding the mobile terminalssales, operating revenues reached RMB 126,580 million, up by 11.2%. Profits beat expectations, coming in at RMB 8.8 billion with EPS of RMB 0.11.
Some company highlights from the first half of 2012:
- Total number of mobile subscribers reached 144 million, representing a net addition of 17.71 million from the end of last year, up by 14.0%, of which 3G mobile subscribers was 50.96 million, representing a net increase of 14.67 million from the end of last year, up by 40.4%
- Total number of wireline broadband subscribers reached 83.70 million, representing a net addition of 6.89 million from the end of last year, up by 9.0%
- Total number of access lines in service was 167 million, representing a net decrease of 2.10 million from the end of last year, down by 1.2%
- Wireline voice revenue as a proportion to total revenues decreased to 16.1%.
- 3G handset data traffic increased rapidly with average monthly data usage per user reaching 111MB.
- FTTH covered approximately 40 million households, which manifested the superior quality of China Telecom’s fibre broadband network.