China Telecom Shows Improvement In Subscriber Adds; 4G Likely To Provide Further Boost

China Telecom reported a steady improvement in its performance in the Chinese wireless subscriber market in July, as it gained about 1.45 million new 3G subscribers. This marked the fifth consecutive month of improvement in 3G user adds for the carrier, although it still lags significantly behind rivals China Mobile and China Unicom, which reported gains of about 9 million and 2.5 million high speed (3G and 4G) subscribers, respectively, in the same period.
Source: Markets