March 28, 2018 / 8:05 AM / 9 months ago

China Telecom expects 2018 capex to fall 15.5 pct to $12 bln

HONG KONG, March 28 (Reuters) - China Telecom Corp Ltd said on Wednesday it expects its capital expenditure for 2018 to amount to 75 billion yuan ($11.94 billion), a decline of 15.5 percent from last year.

The country’s third-largest telecommunications operator had reported a 3.3 percent rise in net profit for 2017 on growing subscriber numbers. ($1 = 6.2814 Chinese yuan) (Reporting by Sijia Jiang; Editing by Jacqueline Wong)

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