Investor's Business Daily - The phone company said first-half 2011 profit rose 8% vs. last year to $1.5 bil. China Telecom's sales rose 11.5% to $18.8 bil. Mobile phone revenue rose 28% despite competition from rivals China Mobile and China Unicom , while fixed-line revenue fell. China Telecom was long the country's dominant carrier, but fell behind as demand shifted from landlines to wireless. China Telecom also is in talks with Apple (NASDAQ:AAPL - News) about carrying the iPhone. It rose 2% to 51.07.
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