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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…
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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