Jan 13, 2009
Lu Xiangdong, vice president of China Mobile (NYSE: CHL; 0941.HK), has revealed at an internal company meeting that the company has adjusted its 3-year investment plans for TD-SCDMA, increasing planned investment over this time period - originally estimated at less than RMB 100 bln - by RMB 50 bln, to reach RMB 150 bln.
Keywords: Lu Xiangdong strategy 0941.HK China Mobile CHL capex TD-SCDMA wireless 3G forecast
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