China Telecom is making the most of the telecom reorganisation by developing its business.
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...
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