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China Mobile

China Mobile Ltd is a state-owned telecom providing mobile voice and multimedia services through a nationwide mobile network. It is listed in New York and Hong Kong and is the world's largest mobile phone operator with about 655 million subscribers as of January 2012.

Apple is said to be close to a deal with China Mobile. Photo: Reuters

China Mobile to splurge on subsidies

China Mobile, the world's largest phone company, will spend more on subsidies next year as it tries to boost smartphone sales by as much as 42 per cent and lure customers to its new high-speed service.