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Surging 4G users boost revenue of China Mobile

Xinhua, March 17, 2016 Adjust font size:

China Mobile, the world's largest telecom operator by customer numbers, released its annual financial report Thursday, announcing a favorable revenue growth thanks to its rapid 4G development.

The company made in 668 billion yuan (103 billion U.S. dollars) in revenue last year, up 2.6 percent year on year. Revenue from telecommunications services stood at 584 billion yuan, down 1.3 percent .

Profits attributable to shareholders reached 108 billion yuan, or 16.2 percent of revenue. Basic earnings per share were 5.3 yuan.

Data traffic services accounted for 52 percent of the telecom earnings, surpassing voice services for the first time.

The company owns the world's largest 4G network with about 1.1 million 4G base stations covering over 1.2 billion people.

In 2015 alone, the company added 200 million new 4G customers, enlarging its total customer base to more than 300 million. Endi