China's third-largest cellular carrier, China Telecom, reported higher-than-expected fourth-quarter profits on the strength of attracting new subscribers and a lift gained from iPhone sales, which increased average revenue per customer due to better sales of wireless voice and data. Though net income was down from the same quarter a year ago, it beat analyst's estimates, and the company added some eight million users in the last quarter -- boosting its total base to 160.6 million subscribers.
