China Mobile to keep losing share of customer, service market: Fitch Ratings
BEIJING, Aug 18, 2013 (Xinhua via COMTEX) --
Fitch Ratings said last Friday that
China Mobile (CHL.NYSE; 00941.HK)'s share of the customer and service
market would be gradually decreasing in the next 2 or 3 years.
Though the telecom giant was expected to reduce its technological
disadvantages with a 4G TD-LTE license, which would be granted
earlier than previously estimated, Fitch Ratings said that China
Mobile was losing high-end and middle-end mobile users due to the
lagged development of its 3G business.
The ratings company said the revenue growth of China Mobile would
be slowed down and its profitability would be squeezed in the period,
due to fierce competition with the other 2 telecom operators and the
Internet companies that were providing Over-The-Top businesses.
Besides, Fitch Ratings estimated that China Mobile's 3G revenue
surged 96 percent in the first half this year, and its traditional
voice and short message service revenue still accounted for 69
percent of the total revenue. (Edited by Li Xiaoyu,
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