Summary by Futu AI
The operating data of China Telecom Corporation Limited (“China Telecom”) for March 2024 has been published by the Board of Directors. In the month, the number of mobile users in China reached 411.65 million, with a net increase of 1.91 million users in the month and a cumulative net increase of 3.88 million in the year. 5G plan users grew significantly to 328.72 million, with net subscriber growth of 4.66 million in the month and cumulative net subscriber growth of 10.06 million in the same year. WIRED BROADBAND USERS ALSO GREW TO 192.22 MILLION, WITH NET USER GROWTH OF 0.59 MILLION IN THE MONTH, AND CUMULATIVE NET USER GROWTH OF 2.06 MILLION IN THE YEAR. However, the number of fixed telephone users decreased, with a net decrease of 0.30 million users in the month and a cumulative net decrease of 0.76 million in the year. Corwen, Chairman and CEO of China Telecom, released this operating data on April 19, 2024 and reminded investors to exercise caution when trading China Telecom securities.