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China's mobile phone users reach 592m by May

(Xinhua)
Updated: 2008-06-26 10:44

Two women look at a mobile phone in Guiyang, Guizhou province on April 16, 2008. [Xinhua]

The mobile phone subscribers in China soared to 592 million by the end of May, nearly half of its 1.3 billion population.

The number rose by 44.8 million in the first five months of this year as mobile operators cut phone rates to attract customers, the Ministry of Industry and Information Technology said on Juen 25.

The fixed-line users, however, dropped by 6.5 million to 358 million.

The telecom sector reported a revenue of 330.6 billion yuan ($48 billion) in the five months, an increase of 9.6 percent from a year ago.

Meanwhile, fixed-asset investment in the telecom industry rose 2.7 percent to 75.1 billion yuan ($11 billion).

(For more biz stories, please visit Industries)

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