China Telecom said its operating revenue rose 4.9% year-on-year in the first half of 2010 to 107.55 billion Chinese yuan (15.8 billion US dollars), as its mobile subscribers leapt 18% to 74.5 million and its wireless broadband subscribers climbed almost 5% to 58 million.
China Telecom said it had "invigorated its "terminal supply chain" and now has 700 CDMA handsets models "in supply", including more than 100 3G handset models.
To boost its broadband coverage, China Telecom has increased its capex budget for 2010 by 5 billion yuan to 44 billion yuan. It now plans to spend a further 50 billion yuan on capex in 2011. source: China Telecom presentation
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