China Mobile books 10% uptick in annual turnover

24 Mar 2022

Chinese full-service provider China Mobile has booked operating revenue of CNY848.3 billion (USD133.1 billion) for the year to 31 December 2021, an increase of 10.4% year-on-year and of which telecom service revenue accounted for CNY751.4 billion (up 8.0% from 2020). The company attributed the growth in part to rapid expansion in areas including smart home services, data and ICT (DICT), mobile cloud, digital content and digital transformation, which it said accounted for nearly 60% of the growth in telecommunications service revenue. Annual EBITDA rose 9.1% y-o-y to CNY311.0 billion, whilst net profit attributable to shareholders grew by 7.7% to CNY116.1 billion.

Mobile noted that it fully implemented its ‘5G+’ plan in 2021 and, through its partnership with China Broadcasting Network (CBN), it was able to benefit from the combined advantages of the 2.6GHz and 4.9GHz frequency bands for capacity and the 700MHz band for coverage. By the end of the year it had deployed a total of 730,000 5G base stations – 200,000 of which were on the 700MHz band – providing ‘continuous 5G network coverage across urban districts, counties, towns and villages, with favourable coverage in some of the key regions and locations, developed villages, key buildings and venues.’ In addition, China Mobile confirmed that it has rolled out 5G voice for commercial use in the form of a voice-over-New Radio (VoNR) feature.

China Mobile counted a total of 957 million mobile subscriptions at the end of 2021, up from 942 million a year earlier. Its 5G package customer total (i.e. the number of subscriptions that can potentially use 5G services) reached 387 million (up 134.4% y-o-y), of which 207 million were network users (subscriptions with a 5G plan and compatible device that have accessed the 5G network). Meanwhile, monthly mobile ARPU improved to CNY48.8 in 2021 from CNY47.4 in 2020. IoT connections totalled 1.049 billion at end-2021, compared to 873 million twelve months earlier.

China, China Mobile