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China Mobile to Post FY2015 Earnings of $4.52 Per Share, Jefferies Group Forecasts
2015-10-24 06:10:18| Wireless - Topix.net
Analysts at Jefferies Group boosted their FY2015 earnings per share estimates for shares of China Mobile in a research report issued to clients and investors on Wednesday, Zacks reports. Jefferies Group analyst C. Meng now anticipates that the firm will post earnings per share of $4.52 for the year, up from their prior estimate of $4.10.
China Mobile adds over 100m 4G customers in six months
2015-10-21 02:00:00| Total Telecom industry news
Chinese telco posted 6.5% revenue growth in first nine months of 2015 on burgeoning TD-LTE operations.
China Mobile revenues up 6.5%, EBITDA grows 9.1%
2015-10-20 12:04:00| Telecompaper Headlines
(Telecompaper) China Mobile reported an acceleration in customer growth in September, adding 2.761 million new customers for a total 822.906 million. Over 18 million 4G customers were added, taking the total to 247.617 million, while 3G users fell to 195.279 million. The continued customer growth and expansion in 4G data services helped the operator grow revenues for the first nine months of 2015 by 6.5 percent year-on-year to CNY 512.7 billion, and EBITDA increased 9.1 percent to CNY 192.3 billion. The EBITDA margin improved to 37.5 percent from 36.6 in the year-earlier period. Net profit rose 3.4 percent to CNY 85.4 billion. China Mobile reported mobile data traffic up 151 percent in the period, while voice traffic fell 1.2 percent and SMS traffic was down 6.4 percent.. Average minutes per user were down slightly to 434 per month, and ARPU dipped to CNY 61 per month from CNY 62 a year ago. China Mobile noted that its recent introduction of data carryover from 01 October may have an adverse impact on operating revenue and net profit from the fourth quarter.
Tags: china
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China Tower's Asset Move Is Great For China Mobile, China Unicom And China Telecom
2015-10-19 20:43:21| Telecom - Topix.net
The three largest Chinese wireless companies all collectively own telecom towers that are essential for 4G deployment. Last week news broke that an entity called China Tower will take possession, manage and aid in the development of China's mobile industry.
China mobile operators get state support for towers venture
2015-10-14 15:15:00| Telecompaper Headlines
(Telecompaper) China's three mobile operators announced a final agreement for the structure of their planned towers joint venture. China Mobile, China Unicom and China Telecom will each transfer their tower assets to their joint venture company China Tower, established last year. In exchange they will receive a combination of shares in China Tower and cash. The cash will come from the new China Reform Corp, a state-backed company, which will subscribe to pay cash for shares in China Tower. After the introduction of the new shareholder and subsequent shares issues, China Mobile will own 28.0 percent in China Tower, China Unicom 28.1 percent, China Telecom 27.9 percent and China Reform 6.0 percent. China Tower will operate, manage and maintain the collective towers assets of the three operators, who will lease back access rights for the towers. Subject to a final agreement on the lease terms, the transaction is expected to close by the end of October.
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