China Mobile (China) with Total Assets of US$ 218.864 billion

China Mobile (China) with Total Assets of  US$ 218.864 billion

Winner of the 2019 Global Sustainable Development Award and 2019 Certified Global Development Champion,Listed amongst the Global TOP 100 Sustainable Development Agencies by Public Opinions International.

CHINA MOBILE is the winner of the 2019 Global Sustainable Development Award, a 2019 Certified Global Development Champion and listed among the 2019 Global Top100 Sustainable Development Agencies. certified by Public Opinions International in appreciation of its contribution towards attainment of the United Nations Sustainable Development Goals.

China Mobile (China)  has total Assets of US$ 218.864 billion

China Mobile Communications Corporation or simply China Mobile is a Chinese state-owned telecommunication corporation that provides mobile voice and multimedia services through its nationwide mobile telecommunications network across mainland China. China Mobile is the largest mobile telecommunications corporation by market capitalization and also the world's largest mobile phone operator by total number of subscribers, with over 902 million subscribers as of June 2018.

The core subsidiary of the group, "China Mobile Limited", is listed on both the NYSE and the Hong Kong Stock Exchange.China Mobile also operates China Mobile Hong Kong, a subsidiary mobile network in Hong Kong. As of August 2017, China Mobile's total market value stood at RMB 1.57 trillion.

China Mobile Limited (the "Company", and together with its subsidiaries, the "Group") was incorporated in Hong Kong on 3 September 1997. The Company was listed on the New York Stock Exchange ("NYSE") and The Stock Exchange of Hong Kong Limited ("HKEX" or the "Stock Exchange") on 22 October 1997 and 23 October 1997, respectively. The Company was admitted as a constituent stock of the Hang Seng Index in Hong Kong on 27 January 1998.

As the leading telecommunications services provider in Mainland China, the Group provides full communications services in all 31 provinces, autonomous regions and directly-administered municipalities throughout Mainland China and in Hong Kong Special Administrative Region, and boasts a world-class telecommunications operator with the world's largest network and customer base, a leading position in profitability and market value ranking. Its businesses primarily consist of mobile voice and data business, wireline broadband and other information and communications services. As of 31 December 2018, the Group had a total of 459,152 employees, and a total connection of 1.633 billion, with its annual revenue totalling RMB736.8 billion.

The Company's ultimate controlling shareholder is China Mobile Communications Group Co., Ltd. (formerly known as China Mobile Communications Corporation, "CMCC"), which, as of 31 December 2018, indirectly held approximately 72.72% of the total number of issued shares of the Company. The remaining approximately 27.28% was held by public investors.

In 2018, the Company was once again selected as one of "The World's 2,000 Biggest Public Companies" by Forbes magazine and Fortune Global 500 (100) by Fortune magazine, and recognized for three consecutive years in the global carbon disclosure project CDP's 2018 Climate A List as the first and only company from Mainland China. The China Mobile brand was once again listed in BrandZ Top 100 Most Valuable Global Brands by Millward Brown ranking 21 in 2018. Currently, the Company's corporate credit ratings are equivalent to China's sovereign credit ratings, namely, A+/Outlook Stable from Standard & Poor's and A1/Outlook Stable from Moody's

In August 2018, China Mobile's CEO Li Yue said that the company may spin off three or four subsidiaries for separate listings.Any spinoffs would involve subsidiaries with independent operations, less connection with the core business and discrete financials. Both the mainland markets and Hong Kong could be options for the potential listings. But Li ruled out splitting off China Mobile's Hong Kong subsidiary as doing so would contradict the company's strategy of integrating its mobile businesses

A state-owned enterprise directly controlled by the government of the People's Republic of China and also a public company which is listed on the NYSE and the Hong Kong stock exchanges,China Mobile has dominated Chinese mobile services since its inception. As of 2010, China Mobile controled the vast majority of its domestic mobile services market with a 70% market share. China Unicom and China Telecom have 20% and 10% shares, respectively.

Incorporated in 1997 as China Telecom (Hong Kong) Limited,China Mobile was born from the 1999 break-up of China Telecommunications Corporation.

The company likely enjoys substantial protectionist benefits from China's government but also experiences frequent government intervention in its business affairs. Government control is maintained through a presumably government-owned holding company, China Mobile Communications Corporation (CMCC), that owns 100 percent ownership of China Mobile (HK) Group Limited which in turn holds over seventy percent ownership of China Mobile–the remainder being controlled by public investors. Established in 2000, CMCC is China Mobile Ltd's current parent company as of 2011.

China Mobile operates a GSM network which encompasses all 31 provinces, autonomous regions, and directly administered municipalities in Mainland China and includes Hong Kong, too.

 

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