China Telecom said its revenues rose 11.7% in 2011 to 244.94 billion Chinese yuan (38.72 billion US dollars), as a 53% increase in mobile revenues more than offset a 20% decline in wireline voice revenues. The operator forecast that its capital spending will rise to 54 billion yuan in 2012, up from 49.55 billion yuan in 2011 as it accelerates its "Broadband China, Fibre Cities" project. source: China Telecom presentation
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