TELECOMS

TELECOMS

Tariff Declines Take Toll On China Mobile

China Mobile faced downward pressure on its bottom-line in 2019, as mobile tariffs continued to slide and service revenue rose only modestly in the back half after declining in the opening six months. Net profit dropped 9.5 per cent year-on-year to CNY106.6 billion (US$15 billion), while telecoms service revenue of CNY674 billion was flat, up 0.5 per cent. The operator highlighted service revenue grew 2.6 per cent in the second half, after dropping 1.3 per cent H1. In a statement, chairman Yang Jie said despite facing a challenging and complicated...
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