China Mobile has a sweet problem as it ended the year with another $20.8 billion in profits, bringing its total cash pile to impressive $60 billion.
The world’s largest mobile operator experienced a rise of 2.7% over the previous year with revenues rising by 6.1%. For the next financial year, China Mobile is expected to post a slight drop in profits as it increases investment in mobile broadband services.
Wireless data traffic business increased by 53.6% over last year, contributing to 12.2% of the total operating revenue.
However, China Mobile’s market share slipped to just under 64% as it also signed up a shrinking percentage of new customers.
Over the past year, the operator upgraded 280,000 base stations, with 65,000 newly built. Around 200,000 base stations are now ready for the TD-LTE based 4G services…