China Mobile service revenue up 6.7% in 2016
TelecomAsia - Telecom Asia - 24-03-17 07:38
China Mobile has recorded a five-year high growth in service revenue growth for 2016, due to strong mobile data revenue growth.
Operating revenue for the year grew 6% to 708.42 billion yuan ($102.7 billion), with service revenue up 6.7% to 623.42 billion yuan.
During the year, wireless data traffic became China Mobile's single largest revenue source for the first time, after growing by 43.5% to account for 46.2% of total service revenue.
Net profit grew a slim 0.2% to 108.74 billion yuan ($15.78 billion), but excluding the gains from the disposal of tower assets to...