3G drives Unicom’s 18.7% revenue growth

26 Oct 2012

Chinese cellco China Unicom has booked revenues of CNY185.192 billion (USD29.436 billion) for the nine months to 30 September 2012, up by 18.7% year-on-year. Of the total, CNY42.72 billion was attributed to Unicom’s burgeoning 3G business, up by 29.2% compared to the corresponding period of 2011. The cellco claimed 66.863 million 3G users, more than double the 30.230 million represented by Unicom in September 2011. ARPU for 3G users was CNY89.1, and average monthly data usage per customer was 143.4MB. Turnover from its GSM business however experienced a 6.2% drop on an annualised basis, falling to CNY50.39 billion. Meanwhile, Unicom’s fixed line operations saw a slight boost of 1.9% y-o-y to CNY62.443 billion, with non-voice revenues contributing 69.4% to the total, compared to 63.0% twelve months earlier.

Despite an increase in costs and expenses for the nine-month period of 18.3% to CNY177.93 billion, Unicom reported net profits of CNY5.45 billion (+29.4% y-o-y). Earnings before interest, tax, depreciation and amortisation (EBITDA) were CNY54.78 billion (+12.7%) with an EBITDA margin of 35.1%.

China, China Unicom, China Unicom Corporation (CUCL),

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