China Telecom Adds 1.7 Million Mobile Subscribers in August

MT Newswires Live09-20

China Telecom's (HKG:0728, SHA:601728) mobile subscribers reached nearly 420.7 million in August with the addition of about 1.7 million new subscriptions during the month, a Friday filing with the Hong Kong Exchange said.

The telecom company's 5G network package subscribers reached nearly 343 million in August with a net increase of 3.1 million for the month and a cumulative gain of 24.2 million for the year.

The company saw around 730,000 new wireline broadband subscribers in August bringing the total number of the company's wireline broadband subscribers to a little over 195 million.

Access lines in service decreased by 340,000 in August and around 2.6 million for the year bringing the total lines in service to over 98 million.

Price (HKD): $4.34, Change: $-0.0100, Percent Change: -0.23%

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