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China Telecom's H1 profit jumps 7%, revenue up 4%

2017-08-23 12:27:00| Telecompaper Headlines

(Telecompaper) China Telecom reported operating revenues of CNY 184.1 billion in the first half of 2017, which represents an increase of 4.1 percent year-on-year. Service revenues amounted to CNY 165.8 billion, up 6.8 percent compared to the year-earlier period. EBITDA amounted to CNY 52.4 billion, up 3.7 percent year-on-year, while EBITDA margin stood at 31.6 percent at 30 June 2017. Net profit reached CNY 12.5 billion, representing an increase of 7.4 percent over the same period of 2016.

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China launches first mobile telecoms satellite from Beijing

2016-08-07 09:39:29| BBC News | Business | UK Edition

China launched its first mobile telecommunications satellite, to establish a network serving large swathes of the world.

Tags: china mobile satellite beijing

 
 

China awards fourth telecoms licence to state broadcaster CBN

2016-05-06 02:00:00| Total Telecom industry news

CBN to take on China Mobile, China Telecom and China Unicom.

Tags: state china awards fourth

 

Nikkei extends morning losses as China skids, telecoms remain sold

2015-09-14 08:09:14| IT Services - Topix.net

Japan's Nikkei share average extended its losses on Monday afternoon, falling as much as 1.7 percent as Chinese markets slid and telecommunication shares continued to be sold off after Prime Minister Abe called on cellphone companies to reduce rates. Softbank Group Corp. shares fell 6.2 percent in afternoon trading while competitor KDDI Corp. fell 8 percent and NTT Docomo tumbled 9.2 percent.

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China overhauls telecoms

2015-08-21 11:44:29| Telecom - Topix.net

China is close to reorganising the leadership of its three main telecommunications companies as the government prepares to revamp the industry, people familiar with the matter said. The chairman of China Mobile's parent company, Xi Guohua, will retire and be replaced by Ministry of Industry and Information Technology Vice Minister Shang Bing, the people said, asking not to be identified because the information hasn't been made public.

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