Sunday, April 20, 2008

China Telecom Reaches 37 Million Broadband Lines

China Telecom reported its annual results for 2007.

Excluding the upfront connection fees of RMB 3,294 million, operating revenues were RMB 175,362 million, a 2.8% increase from 2006. EBITDA was RMB85,974 million, a 1.3% increase from 2006. EBITDA margin was 49.0%, broadly at the same level as 2006.

Due to intensifying mobile substitution, China Telecom experienced negative growth in access lines in service for the first time. Voice business revenue decreased by 7.9% from 2006. Broadband services, value-added services and integrated information services achieved significant breakthrough. Non-voice business revenue represented 36.5% of the Company's overall operation revenues, an increase of 7.4 percentage points from 2006.

See also