3G costs dent figures
Source: Agencies |
August 27, 2010, Friday
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Print Edition
Print Edition
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.
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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