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johnsyn

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johnsyn

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Wednesday, 08/22/2012 7:34:29 AM

Wednesday, August 22, 2012 7:34:29 AM

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3:10 AM China Telecom (CHA): H1 net profit -8.3% to 8.81B yuan ($1.39B) vs. consensus of 7.72B yuan. Revenue +14.8% to 138.02B vs. 134.66B yuan. 3G users +40% from end of 2011, faster than rivals. iPhone marketing expenses to weigh on profitability. To acquire CDMA assets from parent company for 84.6B yuan, lower than expected. Not offering dividend for H1.

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