China Mobile is set for more aggressive growth with the launch of 4G Services.
China Mobile’s first-half 2017 result was broadly in line with expectations with service revenue up 6.9%, EBITDA up 4.7%, and net profit up 3.5%. We were pleasantly surprised by the service revenue growth given our forecast of 3% growth for the full year prior to the result and the one-off HKD 3.20 per share special dividend. However, the special dividend was said to mark the 20th anniversary of the company’s listing with no commitment to repeat it, despite the company’s cash flow and balance sh...China Mobile and its subsidiaries are engaged in the provision of mobile telecommunications and related services principally using the Global System for Mobile Communications standard and the Time Division Synchronous Code Division Multiple Access standard. In addition, Co. provides its customers with internet access through wireless local area networks. Co. also develops and carries its 4G business based on the TDD mode long-term evolution technology. As of Dec 31 2013, Co. had approx. 767,200,000 customers in all 31 provinces, autonomous regions and directly-administered municipalities in the People's Republic of China as well as in Hong Kong.
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