China Unicom Ltd. (CHU) completed the reporting of its first-half financial results for 2011, stating an increasing dependence on its mobile operations.
The company, which is currently the second largest mobile operator in China, reported nearly $9.4 billion in total wireless revenues for the first half of the year, compared with just over $6.5 billion in 2010. Mobile services accounted for 60% of the company’s total revenues during the first six months of 2011, compared with just under 50% in 2010.
China Unicom reported last week that it added 2.126 million new customers in July, pushing its total customer base to 183.7 million subscribers.
Despite increased expenses, China Unicom’s mobile operations posted an increase in income from $2.1 billion during the first half of 2010 to $2.5 billion this year.
Capital expenditures across its mobile operations for the first half of 2011 came to just over $1.2 billion, a slight decrease from the nearly $1.7 billion spent in 2010. At the end of June, China Unicom said it had 203,000 3G base stations, which was a 32.8% increase compared with the same period in 2010. The carrier’s HSPA+ services were available in 56 markets, covering approximately 21 million subscribers. GSM base stations numbered 348,000 sites at the end of the second quarter of this year, a 13.7% year-over-year increase.
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