China 2008 Telecom Industry Revenue Up 27% Through May

Ministry of Industry and Information (MII) released telecom industry statistics on June 19, reports People's Posts and Telecommunications News. According to MII, China's telecom industry recorded total revenue of RMB 906.61 billion in the first five months of the year, up 26.8% year-on-year. Telecom operation revenue was up 9.6% to RMB 330.55 billion and telecom fixed-asset investment was up 2.75% to RMB 75.05 billion. Mobile telecom revenue hit recorded RMB 176.85, up 16.5%, while fixed-line phone and data services (broadband Internet) generated revenue of 122.59 billion and RMB 30.72 billion, respectively. China lost 6.5 million fixed-line phone subscribers in the first five months of the year to reach 359 million subscribers and added 44.8 million handsets users to reach 592 million users at the end of May. China added 7.9 million broadband subscribers to reach a total of 74.448 million. China sent 287.26 billion SMS for the period, up 24.6% year-on-year.

Lisa