CITIC Telecom International Holdings (HK:1883) has released an update.
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CITIC Telecom International Holdings Limited reported a decline in profits and revenue for the first half of 2024 due to decreased messaging service revenue in the face of changing external factors. Despite this, the company is actively pursuing digital transformation strategies, including the successful expansion of 5G services, to improve its resilience and capitalize on the growing digital economy. The company’s efforts in product R&D, service upgrades, and smart city initiatives in Macau demonstrate a commitment to future growth and market leadership.
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