China Unicom H1 profits jump on 3G, 4G revenue
August 8, 2014, 12:00 am TWN
HONG KONG -- State-owned phone company China Unicom said Thursday its first-half profit jumped on higher mobile data revenue and lower fees to connect to a rival's network.
Unicom posted profit of 6.7 billion yuan (US$843 million) in the January-June period, 26 percent higher than the same period the year before.
Revenue from third- and fourth-generation phone services grew 33 percent to 54.4 billion yuan. That helped push overall revenue up 3.6 percent to 149.6 billion yuan.
Fees incurred to connect to other networks fell 23 percent to 7.6 billion yuan.