The Canadian Press - ONLINE EDITION

China Mobile first half profit falls 8.5 per cent amid heavy spending to roll out 4G service

  • Print

BEIJING, China - China Mobile Ltd., the world's biggest phone carrier by number of subscribers, said Thursday its first-half profit fell 8.5 per cent as the company rolled out fourth-generation service.

China Mobile, one of China's three major state-owned phone carriers, earned 57.7 billion yuan ($9.4 billion) in the six months ending June 30. Operating revenue rose 7.1 per cent to 324.7 billion yuan ($54.1 billion).

Profit margins at China Mobile and its two major rivals, China Telecom Ltd. and China Unicom Ltd., have been squeezed since Beijing rearranged the industry in 2008 to encourage competition and innovation. Each carrier was assigned mobile and fixed-line assets.

China Mobile received the country's first license for 4G service in December and has spent heavily to build what it says is the world's biggest 4G network, with 410,000 base stations in 300 cities.

"The initial 4G development has been remarkable with 4G network capabilities being rapidly built up," the company said in a statement.

Revenue from wireless data rose by more than half from a year earlier, contributing 24.2 per cent of telecommunications services revenue.

"Revenue derived from data traffic became a major driver of revenue growth," the company said.

Its total subscribers rose 6.8 per cent over a year earlier to 790 million, including 14 million 4G users.

___

China Mobile Ltd.: www.chinamobileltd.com

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Museum will create a conversation: Stuart Murray

View more like this

Photo Store Gallery

  • KEN GIGLIOTTI  WINNIPEG FREE PRESS / July 23 2009 - 090723 - Bart Kives story - Harry Lazarenko Annual River Bank Tour - receding water from summer rains and erosion  damage by flood  and ice  during spring flooding -  Red River , Lyndale Dr. damage to tree roots , river bank damage  , high water marks after 2009 Flood - POY
  • Two baby tigers were unveiled at the Assiniboine Park Zoo this morning, October 3rd, 2011. (TREVOR HAGAN/WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you think volunteers dragging the Red River is a good idea?

View Results

Ads by Google