China Mobile's 2010 Customer Subsidy to Hit RMB 15 Bln
Beijing Times, 5/17/10
President Wang Jianzhou has announced that since China Mobile's (NYSE: CHL; 0941.HK) primary goal for 2010 is to develop its 3G subscriber base, the operator plans to invest RMB 15 bln in subsidies to customers this year, the majority of which will be for 3G subscribers.
Editor's Note: Previous rumors stated that China Mobile would increase handset subsidies in 2010 to over RMB 30 bln; see China Mobile to Triple Handset Subsidies in 2010," MD 10/14/09 issue.
Keywords: Wang Jianzhou China Mobile subsidy wireless 3G CHL 0941.HK
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