Friday, March 25, 2016
China Mobile Signals Spending Slowdown
China Mobile reported a 2.6% increase in revenues for 2015 to 668 billion Chinese yuan (103 billion US dollars), driven in part by rising usage of its expanding 4G network. However, telecoms service revenues slipped 1%, as voice and SMS traffic continued to decline.
Claiming to be the largest 4G operator in the world, China Mobile said it had 312 million 4G customers at the end of 2015, up from 90 million at the end of 2014. The telco plans to cut capex to 186 billion yuan in 2016, down from 196 billion yuan in 2015. Source: China Mobile statement
Labels: More East Asia telecoms
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