Briefing: China Mobile revenues decline for the first time since 2014

躺着赚钱的好日子到头了，中国移动近4年来首次营收下滑 – 36Kr

What happened: On October 22, state-backed China Mobile reported RMB567.7 billion ($81.8 billion) operating revenues for the first 9 months, down by 0.3% compared to the same period last year. The revenue drop is the first time in 4 years. China Mobile recorded 695 million 4G users. Average handset data traffic per 4G user per month (DOU) was 3,132MB, up 156% year over year. Average revenue per user was RMB55.7.

Why it’s important: 2C telecom companies may encounter more revenue drop pressure as Beijing requires service providers to remove unnecessary fees. Internet-based communication replaces phone talk-time on the one had and encourages data traffic on the other is an area for operating efficiency upgrade and profitability planning. User data the company reported can also be referenced for future 5G service solutions.

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