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.

Reforms to shift balance in telecoms landscape

Investors betting on the restructuring of the country's telecommunications industry beware: The timing will make a difference on the performance of the four industry players.