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China Mobile Growth Slows
CCID, 11/19/08
At the GSMA Mobile Asia Congress currently underway in Macau, China Mobile (NYSE: CHL; 0941.HK) chairman and CEO Wang Jianzhou stated that China Mobile's growth has started to slow, as has total minutes of usage. He also stated that next year, China Mobile will increase its investment in communication services, particularly in rural areas and in TD-SCDMA. Wang went on to say that capital expenditure would be decided upon based on user growth.
Keywords: 0941.HK, China Mobile, CHL, GSMA Mobile Asia Congress, rural, TD-SCDMA, Wang Jianzhou, wireless, 3G, capex
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