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China Telecom sees anemic growth in July |
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Written by Administrator
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Tuesday, 14 August 2007 |
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BEIJING, Aug. 20 (InfoChina) – China Telecom Corporation Limited (CHA. NYSE, 728.HK) announced its latest operating results on Monday, which showed enrollment of 60,000 new subscribers of local telephones in July, in comparison with 210,000 ones of June.
According to the statement, the accumulated number of new subscribers added up to 1.51 million within the first seven months. Compared with disappointing performance in fixed network business, broadband sector maintained brisk growth momentum. The number of broadband subscribers added 610,000 up to 32.8 million until the end of July. While June witnessed 570,000 new subscribers and accumulated new users in the first seven months totaled 4.48 million. China Telecom attributed weak performance in fixed line sector so far this year to fierce competition strengthened by operators’ launch of free call incoming calls services. (Edited by Liu Ya’nan) |