Capex to Creep up at China Telecom

China Telecom said that its revenues rose almost 13% to 208.22 billion Chinese yuan (30.48 billion US dollars) in 2009 thanks to a 481% rise in mobile services revenue to 35.6 billion yuan following the acquisition of China Unicom's CDMA mobile business in October 2008. During 2009, mobile subscribers more than doubled to 56 million, including more than 4 million 3G connections.

Wireline voice revenues fell almost 19%, but wireline broadband subscribers rose 21% during 2009 to 53.5 million. China Telecom said that its capital spending declined 21% in 2009 to 38.04 billion yuan, but it forecast that capex would rise slightly in 2010 to 39 billion yuan. source: China Telecom presentation