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CHINA TELECOM Guides 9.2% Drop in Capex This Yr, Plans Moderate Advance Deployment of Computing Infra
Recommend 10 Positive 19 Negative 7 |
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CHINA TELECOM (00728.HK) guided its capital expenditure for this year to be RMB73 billion, representing a YoY downfall of 9.2%. Among this, investment in computing infrastructure was set to mount 26% YoY, raising its proportion to 35%. Chairman cum CEO Ke Ruiwen stated that AI Data Centers (AI DC) will be the major source of future revenue and profit, with more than 20 high-power projects already in place, totaling 1.2 gigawatts and contract amounts exceeding RMB100 million. Entering the "15th Five-Year Plan" period, the company will moderately advance the construction of computing infrastructure, including AI DC construction, Ke said. AASTOCKS Financial News Website: www.aastocks.com |
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