11 December 2018

China Telecom, Unicom counter China Mobile, paper says

China Telecom Corp. Ltd. (00728.HK) and China United Network Communications Group Co. Ltd.(China Unicom) (00762.HK, 600050.CN) are ramping up their promotions to counter China Mobile Ltd. (00941.HK), whose 4G service is proving to be a success, China Securities Journal reported Wednesday, citing the two companies. China Unicom said its net increase in users in December was 12 percent less than a month earlier while China Telecom saw a 95 percent fall. China Mobile was the first to offer 4G services after all three won licenses in December, the report said. China Telecom blamed China Mobile’s 4G head start for its falling user numbers.

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