Summary of Analysis

Performance Indicators of Major Chinese Telecom operators

Particulars
China Mobile
China Unicom
China Telecom
Group
Group
Group
Group
Currency
RMB
RMB
RMB
RMB
Fiscal Year
Dec-05
Dec-05
Dec-05
Dec-05
Profit and loss (billion)

Sales
EBITDA
EBIT
PBT
PAT
Cash Flow
EBIT
Depreciation and amortization
Cash Flow from operating activities
Capital expenditure
Cash Flow from Investing activities
Cash Flow from financing activities
Balance Sheet36
Gross Block
Net Block
CWIP
Working Capital
Capital Employed
Equity
Debts
Profitability
EBITDA
EBITDA Margin
Net profit Margin
EBIT RoCE
PAT Net worth
Productivity
Labour % sales
Depreciation % sales
Capex % sales
Working capital% of Sales
Capital turnover
Tax Rate
Debt-equity Ratio
Momentum (2004-05 CAGR)
Revenue Growth
EBIT Growth
PAT Growth
No of employee of the company
Projected Capital expenditure
2006-Bn
36 Balance

243.041
135.978
79.61
78.264
53.589

87.049
28.57
8.202
7.103
4.933

169.31
83.773
34.121
34.114
27.954

87.232
45.74
20.691

79.61
56.368
131.709
66.027
-87.116
-25.173

8.202
20.368
30.80369
17.21976
-16.7483
-13.2133

34.121
49.652
68.359
52.083
-51.894
-14.809

20.691
25.049
33.557
27.562
-24.608
-14.656

364.125
223.748
34.201
11.122
304.371
272.824
36.545

190.88
116.06
0.00
-30.44
96.58
76.28
17.13

578
328
24
-106
258
182
65

327.121
168.663
6.822
-80.228
105
63.01
32.829

135.978
55.95%
22.05%
26.16%
19.64%

28.57
32.82%
5.67%
8.49%
6.47%

83.773
49.48%
16.51%
13.25%
15.40%

45.74
52.43%
15.92%
19.77%
22.04%

5.84%
23.19%
27.17%
4.58%
79.85%
31.53%
0.13

6.45%
23.40%
19.78%
-34.97%
90.13%
30.55%
0.22

14.74%
29.33%
30.76%
-62.74%
65.75%
18.06%
0.36

14.14%
28.72%
31.60%
-91.97%
83.37%
19.80%
0.52

26.33%
26.60%
27.58%
99104

9.73%
0.58%
12.45%
53070

5.02%
-11.61%
-0.43%
244867

4.48%
228.12%
414.56%
198961

83.3

22

51

27.3

17.317
13.888

Sheet has been regrouped as per schedule VI of the Indian Companies Act, 1956.

Performance Indicators of Indian and Chinese Telecom Service

Sector
Particulars
China
Fiscal Year
Population37
GDP (Purchasing power parity) (2005 est.)** $
GDP real growth rate (2005 est.)**
GDP-per capita (PPP) (2005 est.)**
Total Revenue
Total Subscriber at the end of March 06
Fixed Line
Mobile Mn 410 93
Broadband Subscribers
ARPU Mobile Basic
ARPU Mobile CDMA
ARPU Mobile GSM
ARPU Mobile -GSM- Post paid
ARPU Mobile -GSM- Pre paid
MOU-GSM Total
MOU-GSM Pre-paid

China

Mn
Trillion
%
$
$ in bn
Mn
Mn

Dec-05
1313
8.859
9.9%
6800
73
769
359

India
Mar-06
1095
3.611
7.6%
3300
20
140
47

Mn
US$
US$
US$
US$
US$
Minutes
Minutes

10.16
8.54
9.31
9.43
19.98
5.94
300
214

1.31
14.5
5.56
8
14
6
393
308

Netcom

MOU-GSM Post-paid
MOU-CDMA Total
Opex per subscriber per month Basic
Opex per subscriber per month Mobile
Fixed termination Charges(FTC)
Mobile termination charges (MTC)
EBITDA Margin- Basic
EBITDA Margin- Mobile
Capital Employed per subscriber-Basic Service
Capital Employed per subscriber-Mobile Service
RoCE-Basic
RoCE-Mobile
Service Tax/Business Tax
New Investment
Direct Employment in Telecom services
Subscriber Growth in Basic
Subscriber Growth in Mobile
37 Source

Minutes
Minutes
US$
US$
US$
US$
%
%
US$
US$
%
%
%
$ in bn
No
YOY
YOY

-www.cia.gov/cia/publications/factbook/geos/in.html
** Source -www.cia.gov/cia/publications/factbook/geos/in.html

524
277
4.23
4.73
0.007
N.A.
50.48%
49.85%
153
152
13.25%
21.90%
3%
20.00
596002
12%
17%

675
470
8.52
5.49
0.007
0.007
41.36%
31.33%
370
147
8.10%
7.42%
12.24%
6.00
429400
2%
78%