Annual Results from China's Mobile Operators
With the release of the annual results of China’s Big 3 mobile operators, China Mobile, China Telecom, and China Unicom, the common theme noticed is the increasing customer base and focus on 5G development. China Mobile, currently the largest mobile telecommunications corporation in China, saw an increase in subscribers from 925.1 million in 2018 to 950.3 million in 2019. Similarly, China Telecom’s subscribers rose by 10.7% while China Unicom saw a slight jump of 3 million subscribers to their mobile business. Service revenue has also increased across the board with China Mobile up 0.5% to US$95.0 billion, China Telecom up 2.0% to US$50.3 billion, and China Unicom up 0.3% to US$37.2 billion.
Emphasis on 5G has been growing in China with 5G subscriber numbers expanding—15.4 million for China Mobile and 10.7 for China Telecom as of the end February 2020. As such, the three operators are forging ahead by increasing Capital Expenditure (CAPEX) on their 5G network. China Mobile has planned to invest around US$14.0 billion in 2020, having already spent US…
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.