China Telecom launches iPhone promo to boost corporate sales

China Telecom posted disappointing quarterly earnings for Q1 2012 and is turning to the iPhone to help it turn things around. According to Hong Kong's The Standard, the wireless carrier is launching an iPhone promotion to encourage businesses to sign up with China Telecom. Any business that buys 10 iPhone 4S handsets together with a wireless service plan will get a free iPhone. According to a company spokesperson, the carrier is targeting enterprise customers who are outfitting their employees with the latest technology.