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China Telecom Sees Profit Expansion In 2022

16799123058378 China Telecom Co., Ltd., one of the country’s largest telecom operators, reported a profit rise in 2022.

   Net profits of the company jumped 6.3 percent year on year to 27.6 billion yuan (about 4.04 billion U.S. dollars) last year, the company said in an announcement filed with the Hong Kong Stock Exchange.

   Its operating revenue amounted to 481.4 billion yuan during the period, up 9.5 percent from a year ago, the data showed.

   Revenue from its mobile services amounted to 191 billion yuan, expanding 3.7 percent year on year, the company said, adding that the 5G penetration rate reached 68.5 percent last year.

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