China Mobile Shifts Investment Focus

CWW, 3/16/09

A source close to China Mobile (NYSE: CHL; 0941.HK) has revealed changes to Shanghai Mobile's 2009 investment plan, with funds allocated for investment in base stations down by 50-70% from earlier plans. The money taken away from base stations will be used for investment in Shanghai Mobile's core networks, data access points, and broadband access for residential compounds.

Sources at other China Mobile subsidiaries have generally confirmed similar changes in their provinces; some say the data access point project and similar projects were being driven partly by the "Wireless City" wireless broadband initiative, and should see a noticeable investment this year.

Keywords: 0941.HK China Mobile CHL Shanghai Mobile wireless wireless broadband wireless city base station wireless networking capex

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