Competition squeezes China Mobile’s profit

by | March 19, 2013 4:05 pm

China Mobile saw its profits growth slowing in its last fiscal year, thanks to rising competition and a maturing mobile market. Xi Guohua, chairman of the world’s biggest cellco by subscribers, spoke in his statement of a “more complex competitive landscape” and a “challenging backdrop”. As China shifts towards 3G and becomes the largest smartphone…

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