China Tele­com H1 profit climbs

China Daily (USA) - - BUSINESS -

China Tele­com Corp re­ported first-half profit that ex­ceeded an­a­lysts’ es­ti­mates af­ter the com­pany signed up more high-speed wire­less cus­tomers. Net in­come in­creased to 11.7 bil­lion yuan ($1.8 bil­lion), com­pared with 11 bil­lion yuan a year ago, the com­pany said in a state­ment on Tues­day. The re­sults topped the 11.3 bil­lion yuan me­dian of four an­a­lysts’ es­ti­mates in a Bloomberg News sur­vey.

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