China Mobile revenue, profits up on continuing subscriber growth

The company's profit increased by 4.8 percent in the fourth quarter

China Mobile's fourth quarter net profit grew year-over-year by 4.8 percent as the country's largest mobile operator continues to add more customers.

During the quarter, China Mobile added 65.5 million news users, taking the total at the end of 2011 to nearly 650 million. This represents about double the users that rivals China Unicom and China Telecom together have.

China Mobile's net profit reached 33.9 billion yuan (US$5.35 billion) in the quarter, the company said Thursday. This was up from 32.3 billion yuan in the same period in 2010.

The company's revenue was 144.2 billion yuan at the end of the quarter, an increase of 8.7 percent from the 132.5 billion during the same period in 2010.

China Mobile is the only mobile carrier of the three that does not offer Apple's iPhone as part of its official smartphone offerings. Analysts have said this has been a stumbling block for the company, and largely the outcome of it trying to attract more users to its 3G TD-SCDMA network (Time Division-Synchronous Code Division Multiple Access), a homegrown technology standard only used in China and not yet supported by the iPhone.

China Mobile, however, is pushing for the development of China's 4G networks, which will use LTE TDD (Long-Term Evolution Time-Division Duplex) technology. In a Thursday statement, the company said it had completed the first phase of large scale testing of the networks in six Chinese cities. It will begin the second phase of trials in nine cities this year.

Earlier this month, a top Chinese official said the country will probably need to wait another two to three years before the government grants 4G licenses for LTE TDD networks.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?