China Mobile Ltd., the country's biggest mobile phone carrier, says its first-quarter profits have surged while China Telecom Ltd. said earnings barely grew.
China Mobile said Monday profits for the three months ending March 31 rose 37.2 percent over the same period of 2007 to 24.1 billion yuan ($3.4 billion). It said the number of subscribers rose 6 percent to 392 million.
China Telecom, the country's main fixed-line carrier, said its earnings edged up 0.5 percent from the year earlier's same quarter to 6.2 billion yuan ($880 million).
The starkly different results illustrate the growing dominance of mobile phones in China, where many first-time telecoms customers now skip fixed-line service and opt solely for mobile.
Source: cnn.com
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