BETTER EARNINGS: China Telecom Ltd.’s third-quarter profit rose 10 percent.
WHAT’S BEHIND IT: The company’s mobile phone business grew despite strong competition from China Mobile Ltd. and China Unicom Ltd. Mobile phone revenue nearly doubled to $1.6 billion.
NOT SO GREAT: Revenue for traditional fixed-line services declined, though the company says robust growth of Internet and data services “effectively mitigated” the impact from that.
