HONG KONG Aug 16 China Mobile, the
world's biggest wireless carrier by subscribers, said on
Thursday it has raised handset subsidies for 2012 to 26 billion
yuan ($4.1 billion) from an initial 21 billion yuan.
In the first half of this year, China Mobile spent 12
billion yuan on handset subsidies, chief financial officer Xue
Taohai said at an earnings news conference.
He was speaking after the company posted a 0.9 percent slide
in first-half EBITDA as its core telecoms business felt the
squeeze from increasing competition.
China Mobile's shares closed down 5 percent on Thursday at
HK$86.85 after the earnings results, lagging a 0.45 percent drop
in the benchmark Hang Seng Index.
($1 = 6.3625 Chinese yuan)
(Reporting By Lee Chyen Yee; Editing by Anne Marie Roantree and