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August 27, 2010

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3G costs dent figures

CHINA Unicom Ltd, one of China's three major state-owned phone carriers, said its first-half profit plunged 62 percent due to costs of rolling out its 3G network.

Profit for the six months ending June 30 was 2.5 billion yuan (US$370 million), down from 6.6 billion yuan a year earlier, the company said yesterday.

Unicom blamed the plunge in profit on the cost of rolling out its 3G service, marketing and a decline in its traditional fixed-line voice business.

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