However, the group's profit slipped and China Mobile warned: "In the first three quarters of 2013, the group experienced severe difficulties and challenges arising from increasingly complex competition in the information and communications industry, greater impact from over-the-top (OTT) products on the traditional communications industry and more intense horizontal competition due to the continued increase in mobile penetration." source: China Mobile statement
Monday, October 21, 2013
Rapid Revenue Rise for China Mobile
China Mobile said its operating revenue rose 12.6% year-on-year to 159.9 billion Chinese yuan in the third quarter. It added approximately 32 million 3G customers in the quarter, taking its total 3G customer base up to 169.5 million out of a total customer base of 755 million.
However, the group's profit slipped and China Mobile warned: "In the first three quarters of 2013, the group experienced severe difficulties and challenges arising from increasingly complex competition in the information and communications industry, greater impact from over-the-top (OTT) products on the traditional communications industry and more intense horizontal competition due to the continued increase in mobile penetration." source: China Mobile statement
However, the group's profit slipped and China Mobile warned: "In the first three quarters of 2013, the group experienced severe difficulties and challenges arising from increasingly complex competition in the information and communications industry, greater impact from over-the-top (OTT) products on the traditional communications industry and more intense horizontal competition due to the continued increase in mobile penetration." source: China Mobile statement
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