Qualcomm Inc (QCOM): Unicom sees strong growth in CDMA unit...

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Friday, 10/29/2004 2:30:14 PM

Friday, October 29, 2004 2:30:14 PM

Unicom sees strong growth in CDMA unit
Telecoms.com News
29 October 2004
James Middleton, james.middleton@informa.com

http://www.telecoms.com/NASApp/cs/ContentServer?pagename=marlin/home&siteid=30000000461&mp_c...

Second placed Chinese operator China Unicom today reported operating revenues of RMB59.2 billion (US$7.1 billion) for 3Q04, up 19.5% from RMB49.5 billion for the same period last year. The operator recorded operating profit for the period of RMB7 billion, up from RMB6.6 billion in 3Q03. The GSM business maintained steady growth, adding 9 million subscribers in 3Q04 to reach 81.6 million end-September. Operating revenue from the GSM business was up15.8% year in year to RMB35.8 billion. The CDMA business added 6.8 million subscribers in 3Q04, to total 25.8 million end-September. Operating revenue increased 51.3% to RMB19.38 billion. The company said going forward it would focus its sales and marketing strength on CDMA 1x.