Revamped China Telecom Records Strong Growth

Home>>Business

Last updated at: (Beijing Time) Tuesday, October 15, 2002

Revamped China Telecom Records Strong Growth

DISCUSSION

CHINESE

SEND TO FRIEND

China Telecom has made strong growth since the old company was restructured on May 16 this year,with its business worth 96.9 billion yuan (about 11.7 billion U.S.dollars) during the first nine months of this year.

According to figures released by China Telecom, by the end of last month the company had 17.19 million more phone subscribers than last year and a total of 128 million. This makes China Telecom the biggest fixed-phone telecommunications operator worldwide in terms of the number of phone users.

By the end of last month, dial-in Internet users and broad-band subscribers had risen by 3.31 million and 1.15 million from last year, reaching 23.98 million and 1.84 million respectively.

Meanwhile, the telecommunications capacity of China Telecom has also increased steadily. Since restructuring, the company has set up a huge fiber-optic network covering the whole country.

By the end of last month, its network had grown by 30,692 km compared with last year, with a total length of 899,483 km. The company has 130,000 outlets for its high-speed data communication network and 4.193 million outlets for its IP network.

Questions?Comments? Click here

China Telecom Plans to Launch IPO in Hong Kong

China Telecom Applies for Issuance of 15.96 Bn Shares of H Stock in US

China's Automaker Invests in GM-Daewoo Joint Venture ( 2 Messages)

At least 182 Dead in Indonesian Island Blast: President ( 2 Messages)

Multinationals Fight for Chinese Markets ( 80 Messages)

China Opposes US Congress Committee's Interference in China's Internal Affairs ( 33 Messages)

Fewer Slogans, More Practical, Reflect Social Changes in China ( 31 Messages)