Retail in Asia

In Trends

China Mobile growth hopes pinned on iPhone tie-up

China Mobile, the world’s biggest carrier by number of subscribers, is set to post its slowest quarterly growth in almost two years on Thursday due to weak user rates, though the pace might pick up later this year if it attracts higher-end users with a network upgrade and lands an iPhone contract.

The carrier, which has a market value of about USD220 billion and competes with smaller rivals China Unicom and China Telecom, has been trying to boost the average rates users pay in the world’s largest mobile phone market, where barely 15 percent of subscribers are 3G users.

The efforts have been hampered by its adoption of a homegrown mobile phone technology, the TD-SCDMA standard, which is inferior to the internationally accepted technologies used by its main competitors.

 

(Source: CNBC)