China Mobile earned last . year 119.6 billion

Yesterday, China Mobile has announced results for the year 2010. Data show that mobile 2010 revenues amounted to $ 485.2 billion RMB, an increase of 7.3%, net profit amounted to $ 119.6 billion, an increase of 3.9%. Mobile results disclosure, . the company net users reach 61.73 million last year, users to scale up to 584 million, 3G users reach 20.7 million, achieved 3G market share of the lead. Li Yue, China Mobile CEO says company 2010 market share is 43%, the company aims to 2011 net users 25 million households.
China Mobile 2009 revenues of $ 452.1 billion, an increase of 9.8%. For the company's revenues rose to slow China Mobile Chairman Wang Jianzhou pointed out that, due to the slowdown in growth in recent years mainly due to the decline in domestic mobile phone tariff, he said, because the company is also growing, so funding will remain relatively abundant, net cash at the end of 2010 to $ 258.2 billion. Hong Kong stocks on performance, moving higher open today, as at the close, the unit fell 1.66% per cent to HK $ 71.05.

Handset subsidies this year $ 17.5 billion
China Mobile said Finance Director Xue Tao sea performance, company phone subsidies total $ 15.2 billion for the year 2010, handset subsidies is expected this year to $ 17.5 billion; mobile handset subsidies, subsidies for the TD 80% last year.
In addition, the move also indicated that 7 cities in the Mainland has started to 4G technology TD-LTE the size of the test, want to meet the requirement of commercial trials by the end of the year; try business card 4G Internet data and WiFi. Move capital expenditure this year is expected to increase to $ 132.4 billion.
20% equity investment for equity participation in Shanghai Pudong Development Bank, expressed satisfaction with Mr Wang. He pointed out that the period of 2.5 months, moving to Pudong Development Bank investment income amounted to $ 558 million.

The Beijing News