Date
19 November 2017

China Telecom targets 36 mln 4G phone sales, paper says

China Telecom Corp. Ltd. (00728.HK) aims to sell 100 million handsets, including 36 million 4G models, this year, the China Securities Journal reported Friday, citing company chairman Wang Xiaochu {王曉初}. China Telecom said it forecasts income from mobile data, internet applications and messaging services to account for half of the company’s total by 2017, up from 23 percent now. China Telecom has started trial 4G services in several cities, and plans to spend a combined 55 billion yuan (US$9.08 billion) on its 4G network in 2013 and 2014. As of November, China Telecom had 185 million users, more than 100 million of whom were 3G subscribers, the report said.

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EL/AC/SK

 

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