Wednesday, April 20, 2011

China Mobile Tops 600 Million Users

China Mobile added 16.8 million more customers in the last three months, enabling it to surpass the 600 million user milestone.

Operating revenue for the first three months of the year reached RMB 118.172 billion (about US$18 billion), up by 8.3% over the same period of last year. EBITDA was RMB58.079 billion, up by 5.3% over the same period of last year.

However, China Mobile said it is facing challenges such as increasing saturation across the country and intensifying competition. New accounts are mainly low usage customers. There are an increasing number of multi SIM card users. Tariffs and average minutes of usage continue to decline.


See also