Telecom industry's revenue up 6.6 percent year-on-year in first 10 months:MIIT

The operating revenue of China's telecom industry hit 744.80 billion yuan ($111.96 billion) in the first 10 months of 2010, up 6.6 percent year-on-year, according to a statement from the Ministry of Industry and Information Technology (MIIT) on Wednesday.

The statement said revenue from fixed-line services was over 224.66 billion yuan ($33.77 billion), a 3.6-percent-deficit year-on-year and accounting for 30.16 percent of the total in the period. Mobile services obtained 520.13 billion yuan ($78.19 billion) in revenue, increasing by 11.7 percent year-on-year and making up 69.84 percent of the total revenue of the industry.

As of October 31, China's telecom industry had owned 1.23 billion broadband users and 1.14 billion telephone users, with over 300 million fixed-line telephone users and 842 million mobile phone users.

Substitution of mobile services to fixed-line services made a great portion: 13.65 million fixed-line telephone users terminated their contracts with carriers from January to October this year. And 94.83 million new mobile phone users were added in the period.

Provinces with the highest cake bites (during the period) were Guangdong with 105.6 billion yuan ($15.87 billion), Jiangsu with 57.5 billion yuan ($8.64 billion) and Zhejiang with 51.8 billion yuan ($7.79 billion).

Source: Global Times