Mobile Network

China Mobile Chairman Xi Guohua at the company's results briefing yesterday. He said 4G services should be cheaper than 3G due to technology advancement. Photo: Edward Wong

China Mobile's earnings fall 5.9pc, ending 14-year run of profit growth

China Mobile said net profit fell 5.9 per cent to 121.7 billion yuan (HK$153.6 billion) last year due to heavier investments in infrastructure resources. It was the first time in 14 years that profits at the world's largest mobile company by subscribers failed to grow.