China Telecom Mobile Reading Subsidiary Breaks 100 Mln Users

Sohu IT, 12/20/12

China Telecom's (NYSE: CHA; 0728.HK) mobile reading subsidiary, E-Surfing Reading Culture Communication, recently disclosed that it now has over 100 mln users. China Telecom's mobile reading base officially established the subsidiary on November 22, 2012, beginning the process of moving towards an enterprise operations model.

"If we reach our two-year targets the company will move to IPO," said Xiao Wei, deputy GM of E-Surfing Reading. "If we fail to meet those targets, we'll undergo internal restructuring. We expect the company to achieve profitability by 2014."

Editor's Note: For more background on this topic, please see "Update: China Telecom Spins Off Mobile Reading Base" MD 11/22/12 issue.

Keywords: mobile literature China Telecom IPO users wireless 0728.HK CHA Xiao Wei

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily