Thursday, August 25, 2011
China Unicom Outpaces Rivals
Growing faster than its bigger rivals, China Unicom said its revenue rose 22.9% year-on-year in the first half of 2011 to 101.39 billion Chinese yuan (15.87 billion US dollars), fuelled by a fourfold increase in "sales of telecoms products." Service revenues rose a more modest 12.7%, boosted by threefold growth in 3G subscribers.
The operator said it spent 6.32 billion yuan building out its 3G network in the first half (out of total 2011 3G capex budget of 19.47 billion yuan). source: China Unicom presentation
Labels: More East Asia telecoms
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