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China Telecom Shareholders' Meeting: No Return to A Share Plan in the Short Term

via:C114中国通信网     time:2018/5/29 8:01:12     readed:576

However, China Telecom has plans to spin off its subsidiaries, such as Yiwu Payment, or some asset management companies. However, it has not yet decided to list in A shares or in Hong Kong. Liu Aili said that Wing Payment has just completed a new round of financing.

When talking about 5G investment, Liu Aili said that it is difficult to predict the amount of 5G investment, because the 5G standard will be announced in the second half of the year.

When talking about CDMA retreat, Liu Aili pointed out that CDMA has reached the life cycle, but the situation of the group is more special than that of the other two operators. He hopes that the CDMA network will be withdrawn from the end of the year to the beginning of next year so as to reduce operating costs and capital expenditures. To enhance the interests of shareholders.

As for the recent sanctions imposed by ZTE on China Telecom, whether it will affect China Telecom, Liu Aili responded that it should have no effect.

Liu Aili also talked about the fierce price war among domestic operators. The price war in the mobile Internet industry in the industry started one year ago. So far, the three major telecommunications companies should think about the price war. Liu Aili said that China Telecom attaches great importance to the development of online marketing.

In 2017, China Telecom’s annual operating revenue was RMB 366.229 billion, an increase of 3.9% over the previous year; service revenue was RMB 33.1044 billion, an increase of 6.9% from the previous year; the profit attributable to shareholders of the company reached RMB 18.617 billion, an increase of 3.3% over the previous year.

In terms of subscribers, China Telecom’s mobile subscribers increased by a net increase of 34.96 million in 2017, which was doubling year-on-year. The total subscribers reached 250 million, and the market share was 17.6%, which was a year-on-year increase of 1.4%; of which, 4G subscribers had a net increase of 60.17 million and total subscribers reached 182 million; The net increase of wired broadband subscribers was 10.41 million, reaching 134 million, of which only 100% users accounted for only 50%. The number of IoT business connections increased by over 200% year-on-year.

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