Given the fact that telecom industry in India has followed the trend in China with a time lag, I think this is very encouraging news for Indian telecom sector as well.
China Mobile Ltd, the Hong Kong listed subsidiary of China Mobile Corp., has reported that its full-year revenues for 2009 rose by 9.8% to RMB452.1 billion (US$66 billion). Net profit was also up, by 2.3% to RMB115.2 billion (US$16.8 billion). EBITDA rose 5.9% to RMB229 billion (US433.5 billion), with EBITDA margin reaching 50.7%. The total customer base at the end of 2009 reached 522 million, of which 65.03 million were net additions. The contribution to total revenue from value-added business increased substantially, including revenue generated from Mobile Music, which again exceeded RMB10 billion.
In 2009, the average minutes of usage remained steady at 494 minutes, and monthly ARPU rose slightly to RMB77, countering a general downward trend over the past few years. Looking into the future, the continuing impact of the global financial crisis on the Chinese economy, the change in the competitive landscape, the increasing mobile penetration rate and the convergence across telecommunications, Internet and Radio & TV Broadcasting networks all pose fresh challenges to the Group's future development. The company added that it will maintain its policy of overseas expansion and will also continue development in LTE services for the Chinese market.