Advertisement

China Mobile unveils 5G push, says net profit fell 0.6 per cent for 2015

Reading Time:2 minutes
Why you can trust SCMP
0
China Mobile reported a slight drop in 2015 profit. Photo: Reuters

China Mobile, operator of the world’s biggest 4G network, expects to step up preparations this year for the roll-out of advanced 5G services across the country in 2020, while developing its fixed-line broadband operations.

At a press conference on Thursday, China Mobile executives said that the strategy would tap into the opportunities presented by the central government’s bold “Internet Plus” policy, in which internet applications and new technologies are widely integrated into traditional industries.

“We plan to increase investment in technological innovation and establish new businesses,” China Mobile chairman Shang Bing said.

He added that 4G network expansion remains a major focus of the company this year as it entices more 2G and 3G subscribers to adopt 4G data plans.

“Our data business has become our main revenue driver, reflecting the changes in user habits,” Shang said.

China Mobile executive director and chairman Shang Bing at a press conference to announce the company’s financial results for 2015 Photo: EPA
China Mobile executive director and chairman Shang Bing at a press conference to announce the company’s financial results for 2015 Photo: EPA
Advertisement