Chinas major telecom operators are expecting combined direct losses of over
one 100 mln yuan due to the severe winter weather of the past week.
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China Telecom, the countrys largest fixedline operator, said in a statement on
its web site that its losses were 56.9 mln yuan as of Jan 28, largely as a
result of network damage.
China Netcom (NYSE:CN) reported direct losses of 3 mln yuan as of Jan 29.
Mobile operator China Unicom estimated its losses at 45 mln yuan as of Jan 29,
noting that its base stations in southern China have experienced power cuts.
China Mobile, the leading mobile operator, did not provide a financial estimate
but said about 6,800 base stations have been shut down.
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