Run by Xinhua News Agency/ China Finance Corporation (CFC)
Home  >  English  >  China Concept Stocks  >  China Mobile (CHL.NYSE) to invest over 40 bln yuan in 4G construction in 2015

China Mobile (CHL.NYSE) to invest over 40 bln yuan in 4G construction in 2015

Comment
Share
2014-12-09 GMT+8:00

BEIJING, Dec. 9 (Xinhua) -- China's largest telecom operator China Mobile (CHL.NYSE; 00941.HK) is expected to invest more than 40 billion yuan in 4G construction in 2015, the Xinhua-run Economic Information Daily reported on Tuesday, quoting industry insiders.

The telecom giant said on Monday that it would have built 700,000 4G base stations and owned 70 million 4G customers by the end of this year, and would have had a 4G network comprising of one million 4G base stations by 2015.

That indicates China Mobile will build another 300,000 4G base stations next year.

Meanwhile, China Mobile said it would use the expansion of 4G network to boost the transformation of business structure. The company's vice president Li Zhengmao said the company's revenue from data traffic business started booming along with the coming of 4G era, and covered its losses contributed by the slide in voice business revenue. He predicts China's voice and short message business revenue will account for 40 percent of the total revenue in 2016, as against 67 percent in 2011, while the revenue from data traffic business and digital service business will rise to 60 percent of the total.   (Edited by Li Xiaoyu, Lixy@xinhua.org)

Share