China Mobile results beat expectations

16 Mar 2006

The world’s largest wireless operator, China Mobile (Hong Kong), has announced that in the year ending 31 December 2005 its sales rose 26.3% to RMB243.04 billion (USD30.23 billion) while net income climbed 28.3% to RMB53.55 billion (USD6.4 billion). During the same period its number of subscribers jumped 20.7% from 204.29 million to 246.65 million, giving it a 66% market share. Blended ARPU for the year was down RMB2 to RM90, although the figure for contract customers rose from RMB167 to RMB185. The number of mobile data customers rose from 156 million to 206 million while SMS usage jumped from 172.6 billion to 249.6 billion messages.

China, China Mobile