/// iPhone Deal Paying Off for China Telecom
When China Telecom first inked its iPhone distribution agreement with Apple last February, the carrier said the deal would help it achieve long-term sustainable growth. A year and a half later, it appears to be doing just that . China Telecom, China’s third-largest wireless carrier by number of subscribers, posted its second consecutive quarterly profit on Wednesday , its fortunes lifted by a 51 percent year-over-year increase in 3G data usage, driven in part by the debut of the iPhone on its network.
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