China Telecom Pushes for Increased Scale in 2018 and 2019 to Boost Profitability Later
China Telecom’s 2018 result was solid with services revenue up 5.9%, EBITDA up 2.0% and net profit up 13.9%. The service revenue growth was in line with China Unicom’s full-year number and both are likely significantly better than China Mobile, which reported 0.6% growth for the first three quarters of the year. All three operators battled the removal of mobile data roaming charges in the second half of the year which lowered mobile services revenue growth. If no further Government-led price red...
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