China Telecom Reports Growth in Subscriber Base

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

China Telecom Corporation Limited has unveiled its June 2024 operating statistics, highlighting a steady growth in mobile subscribers with a notable 416.85 million total and a significant rise in 5G package users, now reaching 336.63 million. However, the company experienced a decline in access lines in service, dropping by 0.26 million for the month. Investors are advised to consider that these figures are based on internal statistics and should be cautious in dealing with the company’s securities.

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