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China Mobile ends the financial year with $60 billion in cash
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 … Read more
Dusan Belic
iPhone with TD-LTE connectivity coming to China Mobile?
Looks like Apple is gearing towards signing a deal with China Mobile to bring its iPhone to the world’s biggest mobile operator. According to Patently Apple, China Mobile is about to start testing its TD-LTE network in more than 100 cities across China in an effort to bring 4G mobile Internet to more than half a billion people. At the same time, Apple is said to be looking to get new chips from Qualcomm which will add global LTE connectivity to the future iPhones. Presuming the Cupertino-based company opts for … Read more