China Telecom Mobile Sales Pushes Revenue to Record High
One of the smallest mobile network operators in China, China Telecom Corp. has reported a 18 percent increase in the fourth quarter profit after mobile sales has pushed quarterly revenue to a new record high. Around half of the company’s subscribers have signed up to its third generation or 3G network contracts compared to the less popular 2G contracts.
The company’s 3G network is based on international standards and is typically trumped by the dominant carrier China Mobile wherein quality issues are causing subscribers to transfer to a different network and pushed 2G users to sign up for China Telecom upon upgrading. During the last quarter of 2013 China Telecom has reported a 13 percent increase in its revenue bringing its full year earnings to 83 billion yuan.
The business of mobile internet in China is going through a rapid growth momentum and paired with the accelerated evolution of technology showed a rapid upgrade in the habits of data usage. For the year 2013 the company profits rose by 17 percent the highest ever in six years. China Telecom also offers its subscribers a fixed line and broadband service that accounts for less than 15 percent of the country 1.2 billion mobile phone users.