Sunday, April 20, 2008

China Netcom Reaches 22 Million Broadband Lines

China Netcom reported Q1 2008 revenue of RMB 20,487 million, including upfront connection fees of RMB 270 million. Excluding upfront connection fees, the revenue of the Company was RMB 20,217 million for the first quarter of 2008, representing an
increase of 0.85% over that of 2007. Some highlights of the financial report:

  • As of 31 March 2008, the number of the company's broadband subscribers was 21,656 thousand, or a net addition of 1,888
    thousand compared to that at the end of last year and a year-on-year growth of 35.8%. The broadband ARPU of the company remained stable and moderately increased in the first quarter of 2008. This was mainly attributable to the rapid development of broadband content
    and applications services.

  • As of 31 March 2008, the number of local access subscribers decreased by 1,719,000 to 109,101,000. Since the first quarter of 2008, the company has pushed forward the transformation of "Family 1+" from service bundling to multimedia information services that improve family life. To realize the strategy, the Company improved the pricing model, diversified the product portfolio of "Family 1+"and enriched customer experience.