China Unicom Q1 Net Jumps 89 Percent on 3G, Fixed-Line Broadband Growth
China Unicom (Hong Kong) Ltd. said Thursday net profit surged 89 percent in the first quarter from a year earlier as its third-generation mobile communications network and fixed-line broadband businesses continued their rapid growth.
Chinese telecommunications carriers are scrambling to ramp up their networks to accommodate the rapid increase in data traffic in the world’s largest mobile market, as more people replace their basic cellphones with smartphones. China has already overtaken the U.S. as the world’s biggest smartphone market.
