China’s fixed-line operators see slower growth

You have to figure that if third world folks are going mobile, then China is likely to be doing the same as the rest of the modern world. I mean, land lines are just not worth it for many types of people. Myself for instance…

The listed arms of China’s two major fixed-line operators, China Telecom Corp. and China Netcom Group Corp., reported modest increases in first-quarter revenue on Friday, but their gains lagged far behind those reported by the country’s largest mobile operator.

China Netcom said its revenue, excluding up-front connection fees for fixed-line telephones, reached 21 billion renminbi ($2.6 billion as of March 31, the last day of the period being reported), up 4.7 percent over the same period last year. China Telecom’s revenue, excluding up-front connection fees, was 41.8 billion renminbi, an increase of 7.3 percent last year.

These gains were outpaced by China Mobile, the listed arm of China’s largest mobile operator, which on Friday reported an 18.5 percent increase in first-quarter revenue, to 65 billion renminbi. The listed arm of China United Telecommunications (China Unicom), the country’s second-largest mobile operator, will report its first-quarter results on April 28.

The faster growth in revenue for mobile operators comes as more and more Chinese users pick up mobile phone subscriptions. China has more mobile phone users than fixed-line users, and mobile phone usage is seeing faster growth, according to China’s Ministry of Information Industry (MII). Source: InfoWorld

[tags]china,telecommunications,fixed-line operators,chinese users[/tags]