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First annual profit drop in 14 years spurs China Mobile spending on 4G – Reuters

March 20, 2014
By

The West Australian
First annual profit drop in 14 years spurs China Mobile spending on 4G
Reuters
Costly subsidies, particularly for the iPhone, and the plan to raise capital spending, combined with a proposed value-added tax for China’s carriers [ID:nL3N0M222K], could all weigh heavily on China Mobile’s future profits as it tries to reinvent
China Mobile’s Annual Net Slips 5.9%, First Full-Year Decline Since 1999Wall Street Journal
China Mobile Earnings Drop Most Since 1999 on CostsBloomberg
China Mobile’s annual profits just fell for the first time in 14 yearsQuartz
MarketWatch -Forbes -The West Australian
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