BEIJING, June 10 (Xinhua)-- Three major Chinese telecom operators, China Telecom, China Mobile and China Unicom (OOTC:CHUFF) , will invest 11 billion yuan (1.6 billion U.S. dollars) in Shanghai this year, so as to help develop the city into an information hub for the Asia-Pacific region.
Last year, investment in Shanghai's information and telecom sector stood at more than 14 million yuan, up 13 percent. The sector garnered 40.3 billion yuan in annual revenue. At the end of the year, the city had 9.36 million subscribers to fixed-line telephones and 21.06 million subscribers to mobile phones. Meanwhile, 4.7 million households in Shanghai, or 59 percent of the city's total, got access to broadband Internet services.
