China Telecom Mobilising for Growth

Driven by its expanding mobile business, China Telecom said its revenues in the first quarter of 2009 rose 15% to 50.89 billion Chinese yuan (7.44 billion US dollars). China's largest fixed-line operator also said it had 33 million mobile subscribers on March 31st compared with 28 million at the end of 2008, but total mobile voice usage on its network in the first quarter was only slightly higher than in the fourth quarter of 2008. source: China Telecom statement