Telecom carriers post strong H1 results

The top three major telecommunication carriers all reported rising revenues and profits in the first half of the year, despite the challenges posed by nationwide moves to boost internet speeds and reduce costs.

The total combined revenue and net profit of the three telecom operators hit 733.9 billion yuan ($107 billion) and 81.8 billion yuan, respectively, in the first six months.

The big three - China Mobile Communications Corp, China United Network Communications Group Co Ltd and China Telecommunications Corp Ltd - earned an average of 450 million yuan a day in the first half of this year, up from 429 million yuan a day the year earlier.