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China Mobile Ltd

FRA:CTM (Hong Kong)   Ordinary Shares
€ 8.27 (-1.34%) Apr 25
16.70
P/B:
1.66
Market Cap:
€ 185.17B ($ 198.13B)
Enterprise V:
€ 145.17B ($ 155.33B)
Volume:
18.35K
Avg Vol (2M):
13.14K
Also Trade In:
Volume:
18.35K
Avg Vol (2M):
13.14K

Business Description

Description
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (996 million) but also the largest in the world. It has 60% of the total wireless market in China and 50% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.