China Mo­bile Q1 profit up 4% to $3.6b

China Daily (Hong Kong) - - BUSINESS -

month to the next, in re­sponse to a gov­ern­ment re­quest for lower mo­bile phone tar­iffs.

Fol­low­ing the Q1 re­sults re­lease, the car­rier’s shares slipped 0.36 per­cent to close at HK$83.85 ($10.78) in Hong Kong on Fri­day.

China Mo­bile said it is also ramp­ing up re­sources to de­velop 5G net­works, as part of its ef­forts to es­tab­lish an edge in the next-gen­er­a­tion com­mu­ni­ca­tion tech­nol­ogy. It plans to put 5G into trial oper­a­tion in 2018, be­fore com­mer­cial­iz­ing the tech­nol­ogy in 2020.

China Mo­bile Chair­man Shang Bing said ear­lier that his group was aim­ing to have at least 10 bil­lion in­ter­net-en­abled con­nec­tions by 2020, ac­count­ing for one-fifth of global con­nec­tions.

“We will step up ef­forts to ex­pand our pres­ence in the con­nected car sec­tor, as part of our ef­forts to dou­ble the num­ber of con­nec­tions we had in 2015,” he said.

WU GANG / XIN­HUA

An em­ployee from China Mo­bile Ltd ex­plains 5G tech­nol­ogy at an ex­hi­bi­tion hall in Beijing.

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