Mobile

iPhone Deal Paying Off for China Telecom

Published on August 21, 2013
by John Paczkowski

When China Telecom first inked its iPhone distribution agreement with Apple last February, the carrier said the deal would help it achieve long-term sustainable growth. A year and a half later, it appears to be doing just that. China Telecom, China’s third-largest wireless carrier by number of subscribers, posted its second consecutive quarterly profit on Wednesday, its fortunes lifted by a 51 percent year-over-year increase in 3G data usage, driven in part by the debut of the iPhone on its network.

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