China Mobile Profit Increases 3.1% on Rise in 4G Subscribers
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China Mobile Ltd.’s profit rose 3.1 percent for the first nine months of the year as the company’s expanded 4G network drew new subscribers.
Net income increased to 88.1 billion yuan ($13 billion), compared with 85.4 billion yuan a year ago, the company said in a statement on Thursday. Revenue gained 4.3 percent to 542.7 billion yuan.