China Mobile 2012 Capex to Exceed RMB 130 Bln

Sohu IT, 8/20/12

Bi Taohai, VP of China Mobile (NYSE: CHL; 0941.HK), said today that China Mobile's capital expenditures for the year will total more than RMB 130 bln, including TD-SCDMA and TD-LTE network construction funds provided by the parent company China Mobile Communications Corporation. China Mobile has increased TD-SCDMA handset subsidy investment to RMB 26 bln in 2012, and in H1 2012 spent RMB 13 bln on TD-SCDMA handset subsidies.

In addition, CEO Li Yue said China Mobile will not be drawn into any price wars and would pay close attention to profits.

Keywords: Bi Taohai Li Yue China Mobile subsidy capex investment wireless network construction CHL TD-LTE TD-SCDMA 0941.HK China Mobile Communications Corporation H1 2012 3G 4G profit

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