China Telecom Reports Subscriber Growth Amidst Service Shift

China Telecom (HK:0728) has released an update.

China Telecom Corporation Limited reported an increase in mobile subscribers to 419.06 million in July 2024, with a significant growth of 5G package users, now totaling 339.75 million. However, the company experienced a decline in traditional access lines, emphasizing a shift towards mobile and broadband services. The Board advises investors to exercise caution and not to rely solely on these preliminary operating statistics.

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