China Telecom had a reasonably strong third quarter, aided by incremental subscriber additions, continued migration to the company's 4G LTE network and better cost management. While Q3 revenues grew by about 4.8% year-over-year to RMB 81.364 billion ($12.8 billion), based on numbers we derived from the carrier's 9-month results published on Wednesday, net income grew by about 5.5% year-over-year to about RMB 14.68 billion ($2.31 billion).
China Telecom had a reasonably strong third quarter, aided by incremental subscriber additions, continued migration to the company's 4G LTE network and better cost management. While Q3 revenues grew by about 4.8% year-over-year to RMB 81.364 billion ($12.8 billion), based on numbers we derived from the carrier's 9-month results published on Wednesday, net income grew by about 5.5% year-over-year to about RMB 14.68 billion ($2.31 billion).
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