China Telecom Reports Modest Interim 2014 Results On Slowing 3G Subscriber Growth

The carrier's operating revenues grew 5.3% y-o-y to about RMB 166 billion ($27 billion) on account of increasing 3G service revenues and consistent growth in fixed broadband. Revenues from 3G service increased as the carrier added about 20 million new 3G users in the preceding one year period, taking its total 3G subscriber base to 107 million by the end of June 2014.