The Digital Source For China's Tech Innovation Since 2000

Search
Close

China Unicom Books 50% Net Profit Growth In 2012

February 18, 2013
Business | Telecom & Wireless

Chinese telecom operator China Unicom recently announced that the company's net profit was expected to increase by over 50% for the year of 2012.

The company said that the net profit growth was mainly attributed to the growth of 3G and broadband users. In 2011, China Unicom realized net profit of CNY1.412 billion and basic earnings of CNY0.0666 per share.

According to the financial report published by China Unicom, its revenue from the 3G mobile business was CNY42.72 billion, accounting for 45.9% of its total revenue. The ratio was 29.2% in the same period of last year. China Unicom's 3G users reached 76.456 million by the end of December 2012, while the number of its broadband users reached 63.87 million.

At present, another Chinese major telecom operator China Mobile is accelerating its development of 4G wireless technology, and the commercial trial of a 4G network is expected to be launched in Hangzhou and Wenzhou around the Chinese New Year. Commenting on this situation, an insider from China Unicom said that though the deployment of TD-LTE network has quickened in China, China Unicom's operating advantages in 3G network will still be obvious in the short-term. Even in the 4G age, their FDD industry chain will maintain significant technical advantages.

Tags: 3G | 4G | broadband | China Unicom | FDD | Hangzhou | statistics | TD-LTE | Wenzhou

Other Related News:

Global Industry Leaders to Converge in Singapore to Outline Future of Mobile Marketing in Asia

April 8, 2009

China Mobile Decreases International Roaming Fee In Five Countries

November 7, 2012

CDC Corporation Plans US$100 Million 3G Content Partner Program

January 22, 2007

SARFT, China Mobile Jointly Promote CMMB+TD Mobile Phones

May 11, 2009

China Mobile And China Unicom Launch Cheaper Calling Cards

April 12, 2005

TD-SCDMA Second Stage Construction Gains Approval

August 4, 2008

Huawei To Implement Agere Wireless Access Solution

November 15, 2005

CNNIC Pushes China's Youth To Use .CN Domain Names

March 22, 2007

Global Telecom API Market Growth Analysis by 2021-2026: Verizon, Orange, AT&T, Deutsche Telekom AG, Softbank, China Mobile

November 6, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....