China Mobile Ltd is a leading telecommunications services provider in China. It offers its services in all 31 provinces in Mainland China and Hong Kong and has the largest network and customer base in the world. Listed in 1997 on both the HKEX and NYSE, China Mobile Ltd’s market capitalisation now stands at HK$ 1.5 trillion as of 23 April 2019 and is a constituent of the Hang Seng Index.
In this article, I’ll be covering its latest financial results and valuation figures. As such, here are 11 things to know about China Mobile Ltd before you invest.
Operating Statistics:China Mobile Ltd has achieved a CAGR of 13.5% in total connections. It increased from 522 million in 2009 to 1,633 million in 2018. Its increase is faster in recent years. This is attributable to fast growth in the Internet of Things Smart Connections and Wireline Broadline Connections.
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