China Telecom To Pour $9.7b Into 4G, Reports Flat ’14 Profit

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China Telecom is stepping up its investments on 4G this year as the company looks to 4G services to drive growth amid the saturated mobile market in the country.

 

Speaking at a media briefing yesterday, China Telecom chairman and CEO Wang Xiaochu said the company will boost its capex this year by over 40% to 107.8 billion yuan ($17.3 billion), with mobile network investment more than doubling from last year to 63 billion yuan ($10.1 billion). Of this, 60 billion yuan ($9.7 billion) will be used on 4G network development, with the remainder going towards 2G and 3G network enhancement.

 

The company, which was granted an FDD LTE license last month, aims to expand its LTE network coverage to 120 key cities across the country by adding 200, 000 4G base stations and 80,000 indoor radio distributions systems this year, raising its total to 320,000 and 140,000 by year-end.

 

The announcement comes as the country’s smallest mobile carrier reported on Wednesday a nearly flat revenue and net profit for the year ended December 31, 2014. Original post at Telecom Asia

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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