China's telecom sector sees faster revenue growth in Q1

Source: Xinhua| 2021-04-24 19:46:02|Editor: huaxia

BEIJING, April 24 (Xinhua) -- China's telecommunications industry registered faster growth of revenue in the first quarter (Q1) of the year, official data shows.

The combined industrial revenue rose 6.5 percent year on year to 360.1 billion yuan (about 55.46 billion U.S. dollars) in Q1, up 4.7 percentage points from the growth in Q1 last year, according to the Ministry of Industry and Information Technology.

By the end of March, China's three telecom giants -- China Telecom, China Mobile and China Unicom -- had 1.6 billion mobile phone users, with the number of 5G subscribers reaching 285 million, the ministry said.

The three telecom companies also saw a steady increase in the number of fixed broadband internet users by the end of March, with subscribers rising to 497 million, a net increase of 13.71 million from the end of last year. Enditem