China Mobile

China Mobile registered brisk year-on-year gains in 5G network customer additions, with revenue growth in the opening quarter of 2024 aided by higher ARPU.

Chinese officials reportedly told operators to remove foreign chips from their networks by 2027, in an apparent blow to both Intel and Advanced Micro Devices (AMD).

China Mobile aims to deploy an additional 410,000 5G base stations in 2024 to take its total to 2.4 million, despite plans to cut capex.

China Mobile revealed plans to trim capex this year by CNY7.3 billion, or 4 per cent, after cutting the outlay by 2.6 per cent in 2023, as the company booked steady annual profit and revenue growth.

China Mobile CEO Dong Xin stepped down after being reassigned as deputy head of the National Radio and Television Administration (NRTA), with CFO Li Ronghua named to fill the vacancy.

Numbers from the three major operators in China for the opening nine months showed strikingly similar trends, with profit growth, modest revenue gains and flat ARPU.

China Mobile booked sales growth in all business units during H1 and forecast continued strong 5G adoption after adding 130 million network customers during the period. Net profit rose 8. 4 per cent year-on-year to CNY76. 2 billion ($10.