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The driving effect of robust 5G rollout in China has become prominent as it is bringing increasing profits to local telecom carriers, with more users embracing the technology. China Mobile, the world’s No.1 operator by subscribers, said on Thursday that first-half net profit rose 6 percent year-on-year to 59.1 billion yuan ($9.13 billion), while revenue grew 13.8 percent to 443.6 billion yuan. ....
US crippling its financial dominance by elbowing out Chinese telcos: experts Xie Jun Published: May 09, 2021 07:34 PM A China Mobile employee adjusts and tests 5G base station equipment at Tongling Railway Station in East China s Anhui Province on April 27. Photo: cnsphoto Three Chinese telecom giants have announced that they expect their American depositary receipts (ADRs) to be delisted from the New York Stock Exchange (NYSE) soon, reflecting a brewing trend of US segregation of US-listed Chinese companies, which experts said will erode the US dominant role in the global capital market in the long run. In separate filings by China Mobile, China Unicom and China Telecom on Friday, the companies said that they expected the NYSE to apply to the US Securities and Exchange Commission for permission to delist their ADRs. The companies said that the delisting will be effective 10 days after the application is submitted. ....