Telecoms revenue in China jumps 8.2% to $167 bn in 9 months

The operating revenue of the telecom sector in China increased 8.2 percent to roughly 1.2 trillion yuan ($167.37 billion) in the January-September period, according to the Ministry of Industry and Information Technology.
Emerging businesses such as big data, cloud computing, internet data centers and Internet of Things registered a rapid revenue increase during the period. The emerging business revenue of China’s three telecom giants — China Telecom, China Mobile and China Unicom — jumped 33.4 percent from a year earlier to 232.9 billion yuan.

Revenue from cloud computing and big data soared 127.6 percent and 62.6 percent, respectively, in the first nine months, while that from data centers logged an increase of 14.3 percent.

The number of 5G base stations in China reached 2.22 million by the end of September, a net increase of 795,000 from the end of 2021.