China Telecom reported a 3.9% year-on-year fall in operating revenues to 77.64 billion Chinese yuan (12.7 billion US dollars) in the third quarter. In the first three quarters of 2014, the number of mobile subscribers in the group fell by 4 million to 182 million "due to the increasing market competition driven by the launch of LTE services and strengthened marketing promotion by the peers." However, China Telecom said the number of 3G subscribers rose 9.4 million to approximately 113 million.
The group said it started to roll out 4G handset service in 16 cities in late July and further expanded to 24 more cities in early September, "effectively fostering" a rebound in the number of mobile subscribers" with a cumulative net increase of 1.33 million in the third quarter." source: China Telecom statement
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