Friday, March 20, 2015
China Mobile Sees Q4 Revenue Fall
China Mobile reported a 1.8% increase in revenue for the year 2014 to 641 billion Chinese yuan (103 billion US dollars). Revenues from applications and information services climbed 12% to 64 billion yuan (10.4 billion dollars), but voice revenue was down 13% and messaging revenue 16%.
In the fourth quarter, revenue fell almost 4% year-on-year to 161 billion yuan. In 2015, China Mobile plans to cut capex by 6% to 200 billion yuan, having now deployed 720,000 4G base stations. source: China Mobile presentation
Labels: More East Asia telecoms
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