Nation's top telecom carrier's net profit declines 0.6 percent in 2015 due to impact of incresed investment competition.
As hefty investment in 4G networks and mounting competition dragged down profitablity,China Mobile Ltd's net profit declined 0.6 percnt last year.
Its revenue rose 2.6 percent to 668.3 billion yuan,but revenue derived from data services exceeded those from video calls and text for the first time.
Shang Bing,the chairman of China Mobile,said that 4G will be the top priority for 2016 and they will try to expand their edge in 4G to further boost data service.
The news come from 1 day after China Unicom Hong Kong Lid announced its net profit fell 12 percent to 10.56 billion yuan in 2015.
Xiang Ligang,founder of the telecom industry website cctime.com,said China's telecom carriers are under mounting financial pressure.
Telecom carriers rolled out plans that allow users to carry over unused data capacity from one month to the next in response to government's request for lower moblie phone tarriffs.
China Mobile had 1.1 million 4G base stations and its 4G subscribers exceeded 300 million,more than China Unicom and China Telecom Corp Ltd combined.But the two smaller rivals have shared 4G resources and jointly construct 4G basse stations.
Peter said,cooperation is already having an impact as the two companies witnessed a surge in 4G subscribers.