China Telecom: Over 1.22 Million 5G Base Stations to be in Use by End of 2023

Updated:2023/3/29 19:46

China Telecom recently released its performance report for the year 2022. During the reporting period, China Telecom yielded an operating revenue of RMB 475 billion, up 9.4% year-on-year, and a net profit of RMB 27.6 billion, up 6.3% year-on-year.

In addition, China Telecom completed a capital expenditure of RMB 92.5 billion in 2022. Ke Ruiwen, chairman of China Telecom, said at the performance briefing that the capital expenditure in 2023 will focus on future development and further optimizing the investment structure; investment in industrial digitalization will increase by 40%, including RMB 19.5 billion in computing power and 9.5 billion in IDC.

In 2023, China Telecom will invest RMB 31.5 billion in mobile networks, and more than 1.22 million 5G base stations will be in use by the end of the year; RMB 15.5 billion will be invested in a broadband network.

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