| Hongkong Earnings Analysis: |
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China Mobile Earnings Up 32% |
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Author: 123jump.com Staff
123jump.com
Last Update: 12:04 AM EDT March 21 2008
The largest mobile phone carrier in the world reported 21% increase in revenue to Rmb 356 billion ($50 billion) after it added 5.7 million new subscribers a month in 2007. The company increased its market share to 69% in 2007 from 68% in 2006 as it added subscribers in the rural area. Monthly churn rate in 2007 fell to 2.64% from 2.73% in 2006. China Mobile plans to spend Rmb 127 billion in network infrastructure in 2008 and Rmb 119 billion in 2009. China Mobile has 384 million subscribers. |
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