China Mobile, the world’s largest mobile carrier by customers and market capitalization, has boosted net profit by 29.6% but warned of slower growth in the year ahead.
Its 2008 net rose to 112.8 billion yuan ($16.5 billion) as revenues grew 15.5% to 412.3 billion yuan.
The company added more than 7.3 million subscribers per month in 2008, taking its total to 457 million, accounting for 72% of all Chinese subs. ARPU dropped 6.7% to 83 yuan from 89 yuan a year earlier.
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