Monday, April 20, 2009

Growth Slows at China Mobile

Adding 6.6 million customers each month, China Mobile said its revenue rose 9% in the first quarter of 2009 to 101.27 billion Chinese yuan (14.8 billion US dollars) compared with the same period a year earlier. Curbed by falling prices, that represents a slowdown on the 15.5% revenue growth China Mobile managed in the whole of 2008.

The Beijing-based company's EBITDA rose 8% in the first quarter of 2009 to 53.38 billion Chinese yuan.

During the first quarter, users of China Mobile MMS service rose 5 million to 134 million, while its customers sent 174 billion text messages compared with 158 billion in the previous quarter. source: China Mobile statement

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