State-owned China Telecom, the country’s third biggest mobile phone operator by subscribers, said Wednesday that profit grew in the first half of the year as revenue from iPhone sales kicked in.
Beijing-based China Telecom, also the world’s biggest fixed-line telephone operator, stepped up marketing spending to woo customers after it became the second Chinese mobile company to offer Apple’s popular iPhone in the first half of 2012.
Company officials had warned the increased spending would hurt short-term profitability but help in the long term.
Read Full Article HERE
Kelvin Chan, Associated Press via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/fyv1PC2Yaa8/
No comments:
Post a Comment