SmarTrend(R) News Watch: China Mobile Expected To Retain Dominant Position, Report Indicates

Tue. July 07, 2009; Posted: 10:24 AM

Jul 07, 2009 (SmarTrend(R) News Watch via COMTEX) -- CHL | Quote | Chart | News | PowerRating -- According to a recent report from Pyramid Research, China Mobile (NYSE:CHL) is expected to hold onto its dominant position in China's telecom industry for the next five years. The report, named the "Communications Markets in China," indicated that while restructuring of China's telecom services sector during 2008 may "impede" the company's growth in the coming years, it will not "impinge" upon its leading position in the market. The report also said it expects China Mobile's market share of total telecom revenues in the nation to rise by 2.2% to 59.1% by 2014. However the report added "That figure would likely have been significantly higher if the restructuring had not taken place." According to estimates from Barclays capital equity research, should the reports estimate be accurate, it would put the company's annual revenues at more than $110 billion in 2014, vs. almost $70 billion in 2009.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on China Mobile Limited ADS (CHL) click here. China Mobile Limited ADS (CHL) has Short Term PowerRatings of 4. Details on China Mobile Limited ADS (CHL) Short Term PowerRatings is available at This Link.

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