HONG KONG, March 20 China Telecom Corp Ltd
, the country's third-largest mobile phone carrier, has
set capital expenditure for 2013 at 75 billion yuan ($12
billion), a 3.3 percent increase from the previous year.
The amount includes spending on assets acquired from its
parent state-owned China Telecom Corp last year, the company
said on Wednesday after it announced its results.
China Telecom's actual spending was 53.73 billion yuan in
2012, but after factoring in the acquisition of its parent's
assets later that year, total capex was 72.525 billion yuan, the
(Reporting by Lee Chyen Yee; editing by Miral Fahmy)