In 2020, China Telecom increased revenues 4.7% to 394 billion yuan (60 billion US dollars), as wireline service revenues rose 5.5% to 119 billion yuan. It reported 86.5 million "5G package subscribers", representing a penetration rate of 24.6%.
Revenue from "smart family" packages (containing broadband, a home platform, applications and security services) reached 11.1 billion yuan, representing an increase of 37.5%.
The telco also said it is rolling out "5G innovative applications" such as remote control, machine vision, and automated guided vehicles. By the end of the year, China Telecom had signed contracts with nearly 1,900 customers for its 5G industry applications, with more than 1,100 use cases being launched. Source: China Telecom statements.
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