Articles tagged with: China Mobile and Arpu
The Hong-Kong listed arm of China Mobile has reported that its first quarter profits rose by 5.2% compared to the year before, to reach RMB 25.21 billion (US$3.69 billion). Operating revenues reached RMB 101.3 billion, representing an increase of 9.2% compared to the same period of last year. EBITDA reached RMB 53.4 billion, representing an increase of 7.7% compared to the same period of last year. more
Fitch Ratings has today affirmed China Mobile's (CML) Long-term foreign currency Issuer Default Rating (IDR) at 'A+'. Meanwhile the agency has assigned CML an 'A+' Long-term local currency IDR. The Outlook is Stable. more
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China's CCID Consulting has reported that in Q3 2008, China's mobile value-added services maintained rapid development. The Olympic Games brought about more telecom services, but without benefiting carriers significantly. After years of rapid development, China's mobile value-added services industry needs a breakthrough to support its development in the future. more
China Mobile Ltd., the listed subsidiary of China Mobile Corp has reported a 26 percent jump in 3rd quarter earnings CNY 27.74 billion (US$4.06 billion), versus CNY 21.97 billion (US$3.2 billion) a year earlier. The company also reported a drop in ARPU partly due to the slow-down in businesses during the Olympics in Beijing as well as a push into lower spending rural markets. more
China Mobile Ltd., the Hong Kong listed subsidiary of China Mobile Communications has reported a 44.7% jump in first half profits after cutting prices to boost subscriber numbers, and a boost from tax changed. The company reported revenues of RMB196,460 million (US$28.7 billion), representing an increase of 17.9 per cent over the same period of last year. Profitability was significantly enhanced, and profit attributable to shareholders reached RMB54,849 million (US$8 billion) -- an increase of 44.7 per cent over the same period of last year due partly to change in PRC enterprise income tax rate. more
US WiMAX operator, Clearwire - which has been formed from the merger of the Clearwire and Sprint Nextel divisions expects to have some 1.3 million subscribers by the end of 2009 and 4.6 million by the end of 2010. The company is forecasting revenues of over $17.5bn by 2017, by which time the company expects to have around 31 million subscribers. more
China's two mobile operators both reported first quarter results this week, which show an increasing divergence between the performances of the two businesses. China Mobile saw its monthly growth rate increase to over 2% in both February and March, taking the quarterly figure to 6.2% for Q1 08 - the best rate registered on an organic basis since Q2 02. In absolute terms this growth yielded net additions of 22.8m in absolute terms (excluding Hong Kong). more
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Fitch Ratings has upgraded China Mobile Lt's (CML) Long-term foreign currency Issuer Default Rating (IDR) to 'A+' from 'A'. The Outlook on the rating is Stable. The rating action is based on a consideration of CML's continuing strong operating and financial metrics following Fitch's upgrade of China's sovereign rating. At the 'A' level, CML's rating was previously constrained by the Chinese sovereign Long-term foreign currency IDR. more