China Telecom Completes Solid 1H Reporting Season for the Chinese Telecom Companies
China Telecom's first-half 2018 result was solid with services revenue up 7.0% and EBITDA up 6.5% and net profit up 8.1%. This completes a strong first-half reporting season for the big three Chinese telecom companies with industry services revenue growth of around 5% to 6% (using estimated numbers due to adjustments for accounting standard changes) and EBITDA growth of 3%, following from 6.4% services revenue growth and 5.9% EBITDA growth in 2017. China Telecom also had its highest subscriber g...China Telecom is a full services integrated information service operator and wireline telecommunications and broadband services provider in the People's Republic of China. Co. offers wireline and mobile telecommunications services including wireline voice, mobile voice, internet, managed data and leased line, value-added telecommunications services, integrated information application services and other related services. As of Dec 31 2010, Co. had wireline access lines in service of approximately 175 million, wireline broadband subscribers of approximately 63 million and mobile subscribers of approximately 90 million.
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