(AFX UK Focus) 2010-04-28 10:23 UPDATE 1-China Telecom Q1 profit down on 3G spending
HONG KONG, April 28 (Reuters) – China Telecom, the smallest of China’s three wireless carriers, said its quarterly profit fell 9 percent, matching expectations, as it spent aggressively to attract subscribers to its 3G service. The company reported a net profit of 4.27 billion yuan ($626 million) for the January to March quarter, compared with 4.7 billion yuan a year earlier. Analysts were …
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