China Telecom (China Telecom) Construction In Progress : $11,408 Mil (As of Mar. 2024)

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What is China Telecom Construction In Progress?

China Telecom's quarterly construction in progress declined from Sep. 2023 ($10,167 Mil) to Dec. 2023 ($10,117 Mil) but then increased from Dec. 2023 ($10,117 Mil) to Mar. 2024 ($11,408 Mil).

China Telecom's annual construction in progress increased from Dec. 2021 ($8,079 Mil) to Dec. 2022 ($8,383 Mil) and increased from Dec. 2022 ($8,383 Mil) to Dec. 2023 ($10,117 Mil).

China Telecom Construction In Progress Historical Data

The historical data trend for China Telecom's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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China Telecom Construction In Progress Chart

China Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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8,441.48

7,405.23

8,078.91

8,382.89

10,117.08

China Telecom Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															-	10,401.88	10,167.16	10,117.08	11,408.26

China Telecom Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

China Telecom (China Telecom) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Telecom Corp Ltd (NYSE:CHA) » Definitions » Construction In Progress

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00728:Hong Kong ZCH:Germany 601728:China

Address

31 Jinrong Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chinatelecom-h.com

China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.