Why China Telecom Continued To Outperform In January

CHA: China Telecom logo
China Telecom

The Chinese wireless market had a relatively mixed January 2019, with the three major mobile operators adding a total of 9.4 million subscribers for the month, marking a decline of about 20% on a year-over-year basis. China Telecom (NYSE:CHA) continued to outperform its peers, adding 4.26 million subscribers to capture around 45% of the total net adds in the industry. This was likely driven by its stronger network coverage and performance, as well as its move to offer larger data traffic products, which are increasingly popular with Chinese wireless users. However, the company’s wireless net adds were slightly lower compared to the last year, on account of the gradual saturation of the Chinese wireless market. China Mobile (NYSE:CHL), the largest of the three players, saw its net additions drop by 38% year-over-year to 2.4 million users, while China Unicom saw the smallest year-over-year decline of just 4%, adding 2.76 million users.

Our interactive dashboard on What’s driving China Telecom’s Valuation details our forecasts and expectations for the carrier. In addition, here is more  Trefis data for Telecommunications companies and Consumer Staples companies

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