China Telecom (NYSE: CHA; 0728.HK) reportedly plans to offer 1 mln iPhones by the end of this year, according to an industry insider. China Telecom has approximately 13-15 mln high-end users, according to the source, who would generate RMB 8-9 bln in revenues if they all switched to contract plans. China Telecom was unavailable for comment.
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