Saturday, November 21, 2009

China - Telecom sector reports RMB 700 billions in revenue in Jan-Oct

[china daily] China's telecom industry reported 698.9 billion yuan ($101 billion) in main business revenue for the first ten months this year, up 3.4 percent year-on-year, according to a statement Friday by the Ministry of Industry and Information Technology.

To breakdown, business revenue of wireless telecommunications took 60 percent share while those for fixed-line business and data communications took 28 percent, and 12 percent share, respectively.

The ministry also released subscriber data which showed more and more Chinese people are choosing mobile phone services while fixed-line subscribers are decreasing.

The number of fixed-line subscribers was down by nearly 19 million for the first ten months while mobile phone users were up by more than 88 million, reaching 730 million by the end of October.

Total phone users reached 1.05 billion at the same period, according to the statement.

Telecom sector reports 700b yuan revenue in Jan-Oct

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