China Mobile said it will cut capital spending by 2% to 133.9 billion yuan (19.6 billion US dollars) in 2009 even though it predicted that China's economic stimulus plan will help the telecoms industry ward off the affects of the financial crisis. About three quarters of its 2009 capex budget will be spent on building out and integrating its new 3G (TD-SCDMA) network with its GSM network. The Beijing-based company plans capital spending of 131 billion yuan and 110.5 billion yuan in 2010 and 2011 respectively.
In 2008, China Mobile's revenue climbed 15.5% to 412.3 billion yuan driven in part by rapidly rising usage of value-added services, such as MMS, WAP, IM and ringtones. The company's non-SMS data revenue rose 36% to 41.29 billion yuan.
Striving to become a greener company, China Mobile also said that 2,135 of its base stations are now powered by alternative energy. source: China Mobile presentation
For more on China Mobile's results, please see my post at the Mobile Innovation Exchange.
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