“Market Cap $184.57 B As of May 2014
At a Glance
- Industry: Telecommunications services
- Founded: 1997
- Country: Hong Kong
- CEO: Yue Li
- Website: www.chinamobileltd.com
- Employees: 197,030
- Sales: $102.53 B
- Headquarters: Hong Kong
#28 Global 2000
- #53 in Sales
- #18 in Profit
- #145 in Assets
- #26 in Market value
China Mobile Ltd. operates as an investment holding company, which through its subsidiaries provides mobile telecommunications and related services. The company offers mobile telecommunications services using the TD-SCDMA standard and operates 3G business based on an Internet protocol based core mobile telecommunications network that is shared by 2G and 3G. The company operates its business through two divisions: Voice Business and Data Business. The Voice Business division provides local calls, domestic long distance calls, international long distance calls, intra-provincial roaming, inter-provincial roaming, international roaming and voice value-added services. Its voice value-added services mainly include caller identity display, caller restrictions, call waiting, call forwarding, call holding, voice mail, conference calls and other services. The Data Business division provides short message and multimedia message services, wireless data traffic business and applications and information services. This division’s applications and information services provide wireless music, mobile reading, mobile video, mobile mailbox, mobile paper, mobile gaming, mobile payment, wallet, mobile TV and location-based services. It also offers mobile telecommunications services principally using the global system for mobile communications, which intends to use its GSM network to primarily carry voice usage and certain data traffic from mobile phones. The company was founded on September 3, 1997 and is headquartered in Hong Kong.“
“China Mobile Milestones
1997 – 2000
13 Nov, 2000
China Mobile (Hong Kong) Limited completed the acquisition of Beijing Mobile, Shanghai Mobile, Tianjin Mobile, Hebei Mobile, Liaoning Mobile, Shandong Mobile and Guangxi Mobile.
03 Nov, 2000
China Mobile (Hong Kong) Limited completed an equity offering of approximately US$6.865 billion and an offering of convertible notes of US$690 million due 2005. China Mobile (Hong Kong) Limited also raised RMB12.5 billion by way of syndicated loans.
04 Oct, 2000
China Mobile (Hong Kong) Limited and Vodafone Group Plc. entered into a strategic investor subscription agreement, whereby Vodafone Group Plc. agreed to acquire new shares of China Mobile (Hong Kong) Limited for US$2.5 billion.
28 Jun, 2000
China Telecom (Hong Kong) Limited changed its name to China Mobile (Hong Kong) Limited.
12 Nov, 1999
China Telecom (Hong Kong) Limited completed the acquisition of Fujian Mobile, Henan Mobile and Hainan Mobile.
02 Nov, 1999
China Telecom (Hong Kong) Limited completed an equity offering of approximately US$2 billion and an offering of global notes of US$600 million due 2004.
04 Jun, 1998
China Telecom (Hong Kong) Limited completed the acquisition of Jiangsu Mobile.
23 Oct, 1997
China Telecom (Hong Kong) Limited raised US$4.2 billion in its Initial Public Offering, with its shares listed on the New York Stock Exchange and The Stock Exchange of Hong Kong Limited, respectively.
03 Sep, 1997
China Telecom (Hong Kong) Limited was incorporated in Hong Kong and later changed its name to China Mobile (Hong Kong) Limited and its name was subsequently changed to China Mobile Limited.
2001 – 2005
10 Nov, 2005
China Mobile (Hong Kong) Limited made a voluntary conditional cash offer for all the issued shares of China Resources Peoples Telephone Company Limited through its whollyowned subsidiary, Fit Best Limited.
01 Jul, 2004
China Mobile (Hong Kong) Limited completed the acquisition of Neimenggu Mobile, Jilin Mobile, Heilongjiang Mobile, Guizhou Mobile, Yunnan Mobile, Xizang Mobile, Gansu Mobile, Qinghai Mobile, Ningxia Mobile, Xinjiang Mobile, China Mobile Communication Company Limited and Beijing P&T Consulting and Design Institute Company Limited. The Company became the first overseas-listed PRC telecommunications company operating in all 31 provinces (autonomous regions and directly-administered municipalities) in Mainland China.
22 Jan, 2003
The RMB8 billion corporate bonds, issued in China through China Mobile (Hong Kong) Limited’s wholly-owned subsidiary, were listed and commenced trading on the Shanghai Stock Exchange and received an enthusiastic response from the market.
28 Oct, 2002
China Mobile (Hong Kong) Limited, through its wholly-owned subsidiary, Guangdong Mobile, issued a further RMB8 billion in aggregate of corporate bonds in China.
01 Jul, 2002
China Mobile (Hong Kong) Limited completed the acquisition of Anhui Mobile, Jiangxi Mobile, Chongqing Mobile, Sichuan Mobile, Hubei Mobile, Hunan Mobile, Shaanxi Mobile and Shanxi Mobile.
18 Jun, 2001
China Mobile (Hong Kong) Limited, through its wholly-owned subsidiary Guangdong Mobile Communication Company Limited, issued an aggregate of RMB5 billion of corporate bonds in China, which were successfully listed on the Shanghai Stock Exchange on 23 October 2001.
2006 – 2010
10 Mar, 2010
The Company’s wholly-owned subsidiary, Guangdong Mobile and Shanghai Pudong Development Bank Co., Ltd. (“SPD Bank”) entered into a share subscription agreement to acquire 20% interest in SPD Bank at a consideration of RMB39.5 billion. Completion of the subscription took place in October.
On 25 November, China Mobile Limited and SPD Bank entered into a strategic cooperation agreement, thereby officially commenced their cooperation in areas of mobile finance and mobile e-Commerce businesses.
29 Apr, 2009
China Mobile Limited entered into a share subscription agreement with Far EasTone Telecommunications Co., Ltd. (“Far EasTone”) to acquire, through its wholly-owned subsidiary, 444,341,020 shares, representing 12% of the enlarged issued share capital of Far EasTone.
08 Jun, 2006
China Mobile Limited entered into a memorandum of understanding with News Corporation and STAR Group Limited to build a long-term wireless media strategic alliance.
29 May, 2006
China Mobile (Hong Kong) Limited changed its name to China Mobile Limited.
28 Mar, 2006
China Mobile (Hong Kong) Limited completed the acquisition and privatization of former China Resources Peoples Telephone Company Limited and later changed its name to China Mobile Peoples Telephone Company Limited. China Mobile Peoples Telephone Company Limited became a wholly-owned subsidiary of China Mobile (Hong Kong) Limited.
2011 – 2013
18 Dec, 2013
The Company launched the new commercial brand “and!” which represents China Mobile’s belief in continuously seeking value innovation, promoting industry developments and accomplishing the strategic vision of “Mobile Changes Life”. This also represents that China Mobile is always by the side of its customers, helps them to achieve their dreams and accomplish excellence.
04 Dec, 2013
China Mobile Communications Corporation (our parent) was granted a 4G (TD-LTE) license. The Group has thus taken the lead in launching its 4G commercial services in 16 cities in China, which has been positively received by its customers.
23 Aug, 2012
The Company’s wholly-owned subsidiary, CMC, entered into a share subscription agreement with ANHUI USTC IFLYTEK Co. Ltd (“Anhui USTC”) to acquire 70,273,935 ordinary shares of Anhui USTC, representing 15% of its enlarged issued share capital, in an effort to speed up our mobile Internet deployment.”
*Information from Forbes.com and Chinamobileltd.com
**Video published on YouTube by “firecracker888“