China’s three leading telecom service providers reported profit of a total of 133.3 billion yuan ($21.19 billion) in 2017, indicating a net income of about 365 million yuan ($58 million) per day, China News reported on March 29.
Among them, the operating revenue of China Telecom saw a year on year increase of 3.9 percent to 366.2 billion yuan and net profit of 18.6 billion yuan, up 3.3 percent. China Mobile achieved an operating revenue of 740.5 billion yuan and a net income of 114.3 billion yuan last year, up 4.5 percent and 5.1 percent, respectively.
The operating revenue of China Unicom hit 274.8 billion yuan in 2017, a year on year growth of 0.2 percent. The net profit of the provider grew by 176.4 percent to 430 million yuan last year.
By the end of 2017, China Mobile, Telecom and Unicom have embraced 887 million, 250 million and 284 million users, respectively.
The leading providers will also make efforts to cut rates for mobile internet services by at least 30 percent this year as advocated by the Chinese government.
In addition, the providers will pilot 5G mobile communications in at least 12 Chinese cities this year.