china mobile ltd-spon adr (CHL) Key Developments
China Tower Reportedly Plans To Raise Funds
Jul 20 15
China Tower Corporation Limited plans to raise as much as CNY 60 billion selling a stake to outside investors, people with knowledge of the matter said. China Tower aims to sell as much as a 20% stake in a private placement, ahead of a planned initial public offering in 2017, the people said. A formal sale process may start as soon as the fourth quarter, three of the people said, asking not to be identified as the information is confidential. China Mobile Limited (SEHK:941), China Telecom Corp. Ltd. (SEHK:728) and China Unicom (Hong Kong) Limited (SEHK:762) aim to inject a combined CNY 300 billion of assets into the venture by the end of August 2015, according to the people. Investment banks have started reaching out to China Tower on the stake sale plan, though no advisers have been hired yet, two of the people said. A representative for China Tower didn’t respond to e-mails seeking comment, an investor-relations official at China Unicom declined to comment, while representatives for China Mobile and China Telecom didn’t answer phone calls and e-mails seeking comment, reported Bloomberg.
National Development and Reform Commission Fine CNY 13.18 Million on Yunnan Branches of China Mobile, China Telecom, China Unicom and China Railcom
Jun 4 15
National Development and Reform Commission on June 2, 2015 issued a notification, saying Yunnan Provincial Communications Administration (YPCA) led four telecom operators to reach an agreement on the presented scope, amplitude, frequency, etc. and required them to execute through issuing rectification notices and other compulsory means to restrict the operators' competitiveness and means. In this regard, YPCA conducted a rectification and stopped relevant practices and fined a total of CNY 13.18 million on the Yunnan branches of China Mobile, China Telecom, China Unicom and China Railcom.
China Mobile Limited Presents at UBS Pan-Asian Telco Conference 2015, Jun-04-2015
May 21 15
China Mobile Limited Presents at UBS Pan-Asian Telco Conference 2015, Jun-04-2015 . Venue: UBS Hong Kong Offices, 52/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong.
China Mobile Limited Presents at Macquarie Greater China Conference, May-04-2015
May 1 15
China Mobile Limited Presents at Macquarie Greater China Conference, May-04-2015 . Venue: Conrad Hong Kong Hotel, Hong Kong, Hong Kong. Speakers: Grace Wong, Company Secretary and Deputy General Manager, Investor Relations, Li Qian, General Manager, Hong Kong Headquarters and Investor Relations.
China Mobile Limited Reports Un-Audited Earnings Results for the First Quarter Ended March 31, 2015
Apr 21 15
China Mobile Limited reported un-audited earnings results for the first quarter ended March 31, 2015. The company reported net profit attributable to shareholders decreased 5.6% year on year to RMB 23.8 billion compared to RMB 25.2 billion, EBITDA increased 2.8% from a year earlier to RMB 59.2 billion compared to RMB 57.6 billion and operating revenue reached RMB 160.9 billion in the first three months, 3.9% more than RMB 154.8 billion reported in the same period of last year.