China Telecom Corp. said Friday its first-quarter unaudited net profit rose 10% despite rising costs, as it competes to attract high-value smartphone users.
China’s largest fixed-line operator by subscribers has been spending heavily on its mobile-services business, which it bought in 2008 from China Unicom (Hong Kong) Ltd. as part of a government-mandated restructuring of the telecommunications sector.
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Paul Mozur, Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/BBH9_7_BfJs/
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