A consumer tries on a 5G cloud-based virtual reality (VR) device at a business hall of China Telecom Beijing Branch in Beijing, capital of China, Oct. 31, 2019. (Xinhua/Shen Bohan)
BEIJING, Aug. 11 (Xinhua) -- China Telecom, one of China's three largest telecom operators, reported robust growth in business revenue and profit in the first half of this year, the Xinhua-run Shanghai Securities News reported on Wednesday.
The company's business revenue totaled 219.2 billion yuan in the January-June period, up 13.1 percent from the same period of last year, according to the company.
The company garnered 17.7 billion yuan in net profit during the period, surging 27.2 percent year on year.
In the first half of 2021, the company's mobile subscribers amounted to 362 million, with the number of 5G package subscribers reaching 131 million.
Previously, the China Securities Regulatory Commission (CSRC) approved the initial public offering (IPO) application of China Telecom after the company was delisted from the New York Stock Exchange (NYSE).
It is learned that the company has enlisted support from 20 strategic investors including Huawei Technologies Co., Ltd., Bilibili and DBAPPSecurity Co., etc., for this offering. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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