The Information Technology 100
China Mobile (Hong Kong)
Among the major cellular operators, there are world leaders -- and then there's China Mobile. When it comes to sheer numbers, Vodafone or Verizon can't come close to the clout of the Beijing-based company that's the No. 1 operator in the world's biggest cellular market. By the government's latest count, China has 354 million cellular users -- and state-owned China Mobile has 217 million of them. That's up more than 40% from a year ago.
Impressive stats. But one problem for China Mobile is that those new subscribers are coming on in lesser developed parts of China where people aren't as well off as longer-time users in relatively affluent cities like Shanghai and Beijing. Investors also are getting antsy about the Chinese government's foot-dragging regarding 3G. Beijing has yet to issue licenses -- and while many people who follow Chinese telecom expect China Mobile, which operates a 2G network using the GSM standard, to get a license for the UMTS standard that many GSM operators in Europe have adopted, there's still a wild card. The government also wants to promote a locally-developed standard called TD-SCDMA, and is sure to insist that at least one of the country's operators run a 3G network using that technology.
|Return on Equity||18.0%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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China Mobile (Hong Kong) Limited offers mobile telecommunications services principally using the global system for mobile communications standard in Mainland China. The company’s services primarily include voice-related services and data services.Through its Internet protocol backbone network, known as CMNet, the company also provides Internet protocol-based long distance call services. It offers its services through sales outlets and retail outlets in 21 service areas in Mainland China, consisting of 16 provinces and 1 autonomous region. The company was incorporated under the laws of Hong Kong in 1997 under the name China Telecom (Hong Kong) Limited and changed its name to China Mobile (Hong Kong) Limited in 2000. China Mobile is headquartered in Hong Kong.
No. of Employees
Xiaochu Wang has been President of China Telecommunications Corporation since November 2004 and serves as its General Manager. Mr. Wang served as Chief Executive Officer of China Telecom Corporation Ltd. since October 2004. He also serves as the Chairman and General Manager of China Telecom's listed unit. Mr. Wang graduated from Beijing University of Posts and Telecommunications in 1980 and has over 24 years of management experience in the telecommunications industry.