China Mobile profit falls 8.5%, in line with estimates
BEIJING: China Mobile Ltd, China's largest telecom provider, saw first-half net income fall 8.5%, in line with forecasts, amid rising competition from rival carriers and internet-based service providers.
The company said net income attributable to shareholders was 57.7 billion yuan ($9.38 billion) in the six months ending June, largely in line with analyst estimates of 55.7 billion yuan, according to a Thomson Reuters SmartEstimate poll of analysts.
Operating revenues for the first half rose 7.1% to 324.7 billion yuan.
The carrier, which has been leading China's next-generation 4G telecom network roll-out, said the number of 4G customers soared to over 20 million at the end of July from 14 million at the end of June.
BEIJING: China Mobile Ltd, China's largest telecom provider, saw first-half net income fall 8.5%, in line with forecasts, amid rising competition from rival carriers and internet-based service providers.
The company said net income attributable to shareholders was 57.7 billion yuan ($9.38 billion) in the six months ending June, largely in line with analyst estimates of 55.7 billion yuan, according to a Thomson Reuters SmartEstimate poll of analysts.
Operating revenues for the first half rose 7.1% to 324.7 billion yuan.
The carrier, which has been leading China's next-generation 4G telecom network roll-out, said the number of 4G customers soared to over 20 million at the end of July from 14 million at the end of June.
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