China Telecom Earnings Preview: Rising Competition Likely To Weigh On Margins

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China Telecom Earnings Preview: Rising Competition Likely To Weigh On Margins

by Wochit 0:50 mins

China Telecom Earnings Preview: Rising Competition Likely To Weigh On Margins

by Wochit 0:50 mins

China Telecom is expected to release its first quarter 2014 earnings on Monday. The Chinese telecom carrier reported robust full-year 2013 earnings last month, with net income growing more than 17% year-over-year to $2.85 billion and operating revenue growing 13.6% to $52.4 billion. The company gained on the back of a rapidly expanding 3G subscriber base and consistent growth in fixed broadband. The acquisition of CDMA network assets from its parent company China Telecom Corporation last year also helped improve margins, as it saved on network leasing expenses.

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