Skip to main content

Chinese Telecom Sector Still in Growth Mode

China Telecom announced its first quarter 2006 financial results. At the end of the first quarter, China Telecom's un-audited net profit was 5.91 billion Yuan on revenue of 43.01 billion Yuan. In the first quarter, China Telecom added 5.09 million new telecom subscribers for a total of 215.2 million subscribers. China Telecom's broadband users increased by 2.14 million in the first quarter for a total of 23.16 million users.

In other news, China Mobile released its first quarter 2006 financial results. At the end of the first quarter, China Mobile's revenue was 65.02 billion Yuan, up 19 percent from year on year. The company's net profit was 14.36 billion Yuan, up 28 percent year on year. At the end of March, China Mobile had 260.65 million registered users. First quarter monthly ARPU (average revenue per user) was 0.86 Yuan, according to the report.

Popular posts from this blog

The Billions Bet on Tentative AI Demand

Gartner's latest worldwide IT spending forecast exposes a trend every CIO has already felt in budget negotiations. Total spending will climb 14.2 percent in 2026, reaching $6.37 trillion. It seems that the IT infrastructure market is simply having a strong year. However, the more useful insight is how unevenly that growth is distributed. The Headline Number vs. The Real Story Data center systems and infrastructure as a service (IaaS) are absorbing capital at a pace several multiples faster than devices, communications services, and traditional IT services. This is not incremental growth spread across a healthy portfolio. It is a wholesale reallocation of enterprise technology budgets toward AI infrastructure, made on the expectation that demand for AI workloads will justify the outlay before that demand has been fully proven. Where the Money is Going Data center systems are forecast to grow 62.5 percent in 2026, that's up from 51.6 percent growth in 2025, reaching $822 billion....
Read more