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China Mobile iPhone Users Reach 9.5 Mln, 10/13/11

In a speech yesterday at the CEO Manpower Conference 2011 hosted by the Hong Kong General Chamber of Commerce, China Mobile (NYSE: CHL; 0941.HK) chairman Wang Jianzhou said that the mobile operator currently adds more than 1 mln new iPhone users each month, and was serving a total of 9.5 mln iPhone users as of the end of September. Wang also said that over the coming three years, the company plans to add 1 mln new Wi-Fi hotspots throughout the country and that as its "wireless city" network program continues to expand coverage, so too will the number of new iPhone users, pushing China Mobile's average revenue per user (ARPU) figures back up.

Wang also said that traditional voice and SMS services are no longer profitable operations, and that data and M2M operations will drive the company's growth in the future.

Keywords: mobile data network construction Wang Jianzhou China Mobile ARPU iPhone users wireless Wi-Fi wireless city M2M CHL 0941.HK wireless networking


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