News Snapshot:
China Mobile credited profit and revenue growth in 2021 to a turnaround in its consumer market, with 5G subscribers more than doubling and ARPU inching higher. In a statement, chairman Yang Jie noted the residential market reversed a downward trajectory with positive growth in 2021, with revenue from the unit increasing 1.4 per cent year-on-year to CNY483.4 billion ($75.8 billion). Yang also noted revenue related to digital transformation projects became its largest revenue growth driver during the year and added the number of customers with both 5G plans and handsets, referred to as integrated benefits, increased by 112 million to...
