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Hong Kong Telecom earns 8% more last year, final distribution of 40.37 cents planned to launch 5G services in April

2020-02-12T11:31:36.827Z


Hong Kong Telecom (6823) 's profit increased by 8% year-on-year to 5.217 billion yuan. The final allocation per share order was 40.37 HK cents, and the total annual distribution was 70.38 HK cents. For the year ended December, total revenue fell 6% to


Financial news

Written by: Jiajun Qu

2020-02-12 17:08

Last updated: 2020-02-12 19:17

Hong Kong Telecom (6823) 's profit increased by 8% year-on-year to 5.217 billion yuan. The final allocation per share order was 40.37 HK cents, and the total annual distribution was 70.38 HK cents.

Hong Kong Telecom Managing Director Xu Hanqing pointed out that the company will launch 5G in April, aiming to become the first operator to launch 5G in Hong Kong. She pointed out that in the consumer market, she will cooperate with Now TV in the European Nations Cup 2020 to provide virtual reality, 360-degree multi-lens and high-definition playback; and cooperate with MOOV to launch 24-bit audio playback. In addition, in terms of e-sports, 5G will be combined with cloud gaming and edge computing. It will also develop new 5G solutions for different industries, including smart cities, public services, medical health and transportation.

Hong Kong Telecom target costs Hong Kong's first 5G operator

She pointed out that the company has the most spectrum in Hong Kong, and the low-frequency will continue to be used as 4G, which is especially suitable for indoor environments and underground roads. The intermediate frequency provides excellent indoor and outdoor 5G coverage. Restricted areas in the area, while 3.5GHz is not able to cover for the time being, and high frequency can provide a dedicated network for specific fields, such as Hong Kong International Airport, providing a large number of customers' bandwidth.

Hong Kong Telecom Managing Director Xu Hanqing said that the company has the most spectrum in Hong Kong, of which 4.9GHz can be used in restricted areas around Tai Po and Stanley.

For the year ended December, total revenue fell 6% to 33.103 billion yuan. Telecommunications service revenue rose 1% to 21.953 billion yuan, and total mobile communications revenue fell 16% to 11.814 billion yuan, of which mobile communication product sales fell 41% to 3.4 billion yuan, reflecting the prolonged replacement cycle of mobile phones, especially the market is expecting 5G mobile phones And the impact of sluggish consumer sentiment.

During the period, earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 2% to 12.817 billion yuan. As of the end of December, the average spending per customer (ARPU) of postpaid customers was 200 yuan, up 1% year-on-year, and the total number of customers rose 8% to 4.679 million.

Hong Kong Telecom pointed out that it is preparing to launch 5G services in April and provide unique consumer applications for the first users in Hong Kong, covering virtual reality, augmented reality, e-sports, etc. The company believes that 5G can create more business applications. opportunity. The company also stated that the economic and social impact of last year's incident and the new outbreak of new pneumonia should not be underestimated, and it will be extra cautious about investment and cost control.

[5G] Hong Kong Telecom: Expect to launch 5G service in Hong Kong in the second quarter of next year

China Mobile and Hong Kong Telecom account for the largest 5G spectrum auctions

China Mobile Hong Kong and Hong Kong Telecom jointly bid for a 4.9 GHz 5G spectrum for a 240 million base price

HKT Performance Telecom

Source: hk1

All news articles on 2020-02-12

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