China Mobile Ltd., the biggest wireless provider in China reported a surge in profits driven by a growing user base in rural areas. China has some 520 million mobile users currently and that number is expected to keep climbing. According to the announcement made today, China Mobile has seen a 37.2% increase in first quarter profits.
“Through our continuous expansion into the rural market, our subscriber growth maintains a strong growth momentum and the average monthly net additional subscribers for the first quarter reached 7.60 million, representing an increase of 33.9% compared to the average monthly net additional subscribers of 5.68 million of last year,” says the first quarter Operational Data sheet.
They go on to caution that the mainly rural users that this increase represents added up to a slight decrease in average revenue per minute due to the low-end nature of usage. Regardless, the growth in China’s mobile usage is only expected to rise as more robust networks come online. Beijing and seven other cities have been testing a 3G network that follows China’s own TD-SCDMA protocol. This will have far reaching ramifications for Mobile Social Networks such as Next2Friends which enable an ever growing array of options for mobile users like live streamed video from mobile devices.
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Hans Erik
Content Marketing Director
Hans at Next2Friends dot com
April 22nd, 2008 at 7:11 am
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