BEIJING Aug 14 China Mobile Ltd,
China's largest telecom provider, saw first-half net income fall
8.5 percent, in line with forecasts, amid rising competition
from rival carriers and Internet-based service providers.
The company said net income attributable to shareholders was
57.7 billion yuan ($9.38 billion) in the six months ending June,
largely in line with analyst estimates of 55.7 billion yuan,
according to a Thomson Reuters SmartEstimate poll of analysts.
Operating revenues for the first half rose 7.1 percent to
324.7 billion yuan.
The carrier, which has been leading China's next-generation
4G telecom network roll-out, said the number of 4G customers
soared to over 20 million at the end of July from 14 million at
the end of June.
($1 = 6.1540 Chinese yuan)
(Reporting by Gerry Shih; Editing by Miral Fahmy)