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Thursday, March 18, 2010
China Mobile 2010 Capex CNY123 Billion Vs CNY129.4 Billion
By Lorraine Luk
Dow Jones Newswires
HONG KONG -(Dow Jones)- China Mobile Ltd. (CHL), the world's biggest mobile operator by subscribers, said Thursday it plans to cut its capital expenditure to CNY123 billion this year from CNY129.4 billion in 2009.
The mobile carrier also said it will lower its capital spending further to CNY98.0 billion in 2011 and CNY80.4 billion in 2012 as it has finished most of the construction of its third-generation network.
Copyright © 2009 Dow Jones Newswires
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