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Technology Stocks : The New Qualcomm - a S&P500 company
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To: Ramsey Su who wrote ()6/28/2000 12:42:00 AM
From: Cooters   of 13582
 
China Cell Phone Users Rise to 57.6 Mln by End of May, Ed Says

--From AOl.-- Cooters

Beijing, June 28 (Bloomberg) -- The number of Chinese mobile phone users increased by 14.3 million to 57.6 million in the first five months of this year, Economic Daily reported, citing the Ministry of Information Industry. China Mobile Telecom Group, the country's largest mobile phone service provider, had revenue of 43.5 billion yuan ($5.2 billion) in the period, while China Unicom Group, the No.2 provider, had 8.3 billion yuan in revenue. The telecom industry's earnings rose 27 percent to 143.6 billion yuan in the first five months compared with a year earlier, the paper says.

China Unicom Ltd. was up 30 H.K. cents at HK$16.90.

To access the newspaper's Web site, go to economicdaily.com.cn

(Economic Daily, 6/28, p. 2)

Jun/27/2000 22:43 ET
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