Technology Mar 26, 2021 04:39 PM (GMT+8)
The whole of China is run by three telecom operators namely China Mobile, China Telecom, and China Unicom. All these companies grew 4% on average last year due to more expensive 5G contracts and more new customers. China Mobile's revenue was CNY 768.1 billion (3% YoY) with a profit of CNY 107.8 billion. The revenue of China Telecom was CNY 393.6 billion (4.7% YoY) with a profit of CNY 20.9 billion and China Unicom's revenue reached CNY 30.8 billion (4.6% YoY) with a profit of CNY 12.5 billion in 2020.
This briefing is contributed by and first appeared on CIMK.