Friday, March 19, 2010
Double Digit Growth for China Mobile
China Mobile said its revenue rose almost 10% in 2009 to 452 billion Chinese yuan (66.17 billion US dollars) as its customer base climbed 14% to more than 522 million. Its revenue from providing Internet access to handsets soared 41% to 18.3 billion yuan, while MMS revenue climbed 15% to 3.3 billion yuan. China Mobile said that the number of people using its Fetion instant messaging service rose 68% to more than 62 million.
By the end of 2009, China Mobile had 3.4 million 3G customers and 238 cities had 3G coverage. The operator said it plans to cut capital spending to 123 billion yuan this year from 129 billion yuan in 2009 and then reduce capex to 98 billion yuan in 2011 and 80 billion in 2012. source: China Mobile presentation
Labels: More China telecoms
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