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Article: Increased competition affects China Telecom.(TOP NEWS)
- Article from:
- China Telecom
- Article date:
- September 1, 2007
CopyrightCOPYRIGHT 2007 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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China's largest fixed-line telephony provider, China Telecom Corp., has reported its first drop in subscribers, as users switched to wireless services provided by rival operator China Mobile. In August, China Telecom said about 380,000 users defected, leaving it with 224.17 million customers at the end of the month. By contrast, China Mobile saw 5.59 million net additions in August to end the period with 343.6 million.
China Telecom is struggling to shore up its sales in the face of fixed-to-mobile substitution in the world's most populous nation. The company's chairman, Wang Xiaochu, has looked to expand Internet access services to spur growth and plans to enter ...