Step 1: Check Statement (A).
The time period of a satellite revolving in a circular orbit is
\[
T=2\pi\sqrt{\frac{r^3}{GM}}
\]
where
\[
r=\text{radius of orbit}
\]
For satellites moving in the same circular orbit, the value of \(r\) is the same.
Hence, both satellites have the same period of revolution.
Therefore, Statement (A) is true.
Step 2: Check Statement (B).
Orbital velocity of a satellite is given by
\[
v=\sqrt{\frac{GM}{r}}
\]
Thus,
\[
v\propto \frac{1}{\sqrt{r}}
\]
Hence, orbital velocity is inversely proportional to the square root of the orbital radius.
Therefore, Statement (B) is true.
Step 3: Check Statement (C).
Escape velocity is given by
\[
v_e=\sqrt{\frac{2GM}{R+h}}
\]
where
\[
h=\text{altitude above Earth's surface}
\]
Clearly, escape velocity depends on altitude. As altitude increases, escape velocity decreases.
Hence, Statement (C) is false.
Step 4: Final conclusion.
Therefore,
\[
\boxed{\text{A and B are true, while C is false}}
\]