China Mobile, the largest cellco in the world by subscribers, has posted operating revenues of CNY266.53 billion (USD42.03 billion) for the first half of 2012, an increase of 6.6% year-on-year. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the period was CNY123.05 billion, dipping by 0.9% compared to the corresponding period of 2011. CAPEX dropped slightly, from CNY61.8 billion in H1 2011 to CNY58.8 billion in H1 2012. The proportion of CAPEX spent on mobile networks also dropped to 49% from 61%, whilst spending on transmission increased from 19% to 26%. Net profit for the period was CNY62.20 billion having grown by 1.5% from CNY61.28 billion a year earlier.
Mobile data continued to be a major contributor to the cellco’s revenues, with China Mobile noting a 17.3% y-o-y increase in income from data services to CNY75.99 billion. Wireless data traffic, meanwhile, more than doubled to 389.2 billion MB for the period under review. WLAN made up the lion’s share of the traffic at 267 billion MB (up from 67.9 billion MB a year earlier), whilst mobile data made up the remaining 122.2 billion MB (69.2 billion MB in H1 2011). Traditional voice services also grew: voice-related revenues were up 2.2% from the corresponding period of 2011 to CNY177.13 billion, whilst voice traffic increased by 9.2% y-o-y to 2.06 trillion minutes.