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China Mobile Q1 customer numbers, revenues, profit fall amid virus pandemic

2020-04-20 14:18:00| Telecompaper Headlines

(Telecompaper) Preliminary operating revenues for the quarter fell 2 percent from the year before to CNY 181.3 billion, impacted by measures taken during the coronavirus (covid-19) pandemic and despite service revenue rising 1.8 percent to CNY 168.9 billion. Revenue from the sale of products and others was down 34.9 percent to CNY 12.4 billion, mainly due to lower handset and IoT device sales amid the virus hit. Meanwhile, EBITDA slipped 5.8 percent to CNY 68.5 billion while the profit attributable to shareholders dipped 0.8 percent lower to RMB 23.5 billion. 

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China Mobile buys 20% stake in AsiaInfo

2020-04-16 10:46:00| Telecompaper Headlines

(Telecompaper) China Mobile is investing in the software supplier AsiaInfo. The latter announced an agreement to sell 182 million new shares to China Mobile, giving it an around 20 percent stake in the company. 

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China Mobile sticks with domestic vendors for $5.2bn 5G contract

2020-04-06 02:00:00| Total Telecom industry news

Given the ongoing economic pressure going on between China and the US, Beijing has been keen in the last year to stress that the country’s borders were open for foreign business. However, this pledge has not stopped its largest state-owned mobile carrier, China Mobile, from giving the majority of its 5G business to domestic players…read more on TotalTele.com »

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China Mobile picks Huawei, ZTE to deploy 200,000 5G base stations

2020-04-02 12:30:00| Telecompaper Headlines

(Telecompaper) Huawei and ZTE won China Mobile's latest tender of 5G contracts. Huawei and ZTE will deploy 200,000 5G base stations, or up to 85 percent of the base stations included in the project, Caixin reports, citing a China Mobile statement. The overall project will see the deployment of 232,143 5G wireless network base stations in 28 provincial-level regions.

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China Mobile ramps up 5G targets, unaffected by COVID-19

2020-03-19 01:00:00| Total Telecom industry news

China Mobile will be pumping around 100 billion yuan (around $14 billion) into rolling out 5G this year, despite the set backs presented by the coronavirus pandemic. This investment represents over half of the company’s planned ~180 billion yuan (~$26 billion) expenditure for the year, a huge increase on the 14% earmarked for 5G last year…read more on TotalTele.com »

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