China Unicom grows data usage with low-cost devices
Chinese operator China Unicom has announced a 92 per cent year on year increase in mobile data usage, attributing the growth in part to the availability of low-cost smarpthones. In an earnings release posted late last week, Unicom referenced an improvement in its smartphone "quality to price ratio".
March 25, 2013
Chinese operator China Unicom has announced a 92 per cent year on year increase in mobile data usage, attributing the growth in part to the availability of low-cost smarpthones. In an earnings release posted late last week, Unicom referenced an improvement in its smartphone “quality to price ratio”.
The firm recorded a 19 per cent increase in full-year revenue for 2012 to reach RMB248.9bn ($40bn), while profit for the year grew 67.9 per cent to RMB7.1bn.
Chang Xiaobing, chairman and CEO at the operator, said that over the year China Unicom was the fastest growing operator in the country, in terms of revenue.