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According to Wang, the company expects broadband, mobile and fixed-line
operations to each contribute a third of its revenue by that time.
Wang made the comments after the company's annual general meeting
in Hong Kong, the first one it has held in the territory and a rarity
among H-share companies.
China Telecom currently doesn't have any mobile services, but it
offers a localized wireless service known as Personal Handyphone
System, or Xiaolingtong. Internet services, mainly broadband, contributed
9 per cent of the company's total revenue in 2004. Local telephone
services, including fixed-line, phone booths and Xiaolingtong, took
up half of total revenue.
Wang expects broadband subscriber growth this year to exceed last
year's, when new additions reached 6.6 million. At the end of March,
China Telecom had 15.7 million broadband customers.
Wang said the company's Internet Protocol Television service, which
began a trial run late last year, has about 40,000 users. The service
is now available in Shanghai and several main cities in Guangdong
province.
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