Chinese telecom investments reach $9.6b

China invested 73.06 billion yuan ($9.6 billion) in telecommunications sector in the first five months of this year, rising 32.7% year on year, according to statistics from the Ministry of Information Industry.

The statistics, quoted by a Xinhua news report, also show that subscribers of mobile phone increased by 33.514 million in the first five months to reach 495 million, and that of fixed phone increased by 4.394 million to 372 million.

The broadband users increased by 6.342 million in January-May to reach 58.241 million. China Mobile injected 26.7 billion yuan ($3.5 billion) in construction of TD-SCDMA commercial-use network for trial operation in eight cities including Beijing and Shanghai in March this year, the Xinhua report said.

The start of expansion of the TD-SCDMA network in Baoding and Qingdao cities launched by China Telecom and China Netcom will push up the investment in fixed assets of telecommunication sector, the Xinhua report said.