China Unicom Mobile Broadband Subscribers Rose 40.8 Percent

China Unicom Mobile Broadband Subscribers Rose 40.8 Percent

China Unicom, the second-largest wireless carrier in China reported strong results last quarter with net profit growing 74% year-over-year (y-o-y) to RMB 3.3 billion ($536 million) on solid sales growth in the mobile and broadband businesses.

Te company has announced a profit jump of 26 per cent for the first half of 2014, as it focused on markets such as mobile broadband, against the backdrop of a “changing market environment and a slowing-down industry”.

In a statement, China Unicom said that “continuous revenue growth” and an “improvement in business structure” bolstered its profitability. It also benefited from a 23.7 per cent drop in interconnection revenue, to CNY7.57 billion.

According to China Unicom, its total mobile subscriber base increased by 14.02 million to 295 million in the first half of 2014, of which, mobile broadband subscribers rose 40.8 percent, accounting for 47.7 percent of total mobile subscribers.

RELATED:

Huawei, China Unicom Strike SDN Innovation Agreement
Public cloud industry leader China Unicom Cloud Data Co. Ltd. (China Unicom Cloud Data Company) and the leading global information and communications technology (ICT) solutions provider Huawei today jointly announced that both parties have formally signed a strategic cooperation agreement on …

China Unicom’s mobile subscribers grow 0.6% in June
China Unicom, one of China’s three state-owned telecom companies, added 1.71 million new mobile subscribers in June, bringing the total number to 295 million. It had 67.4 million fixed-line broadband subscribers by the end of June, an increase of 363,000 from a month …

 

0
Like
Save