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21.04.201603:27:00UTC+00​China Mobile Ltd. Gains 64.2 Million 4G Subscribers in Q1

Subscribers of China Mobile Ltd., the world's largest mobile network provider, gained more than 60 million 4G users by the end of March. This brings the number of its customers to 834 million people, almost three times more than the population of the United States. The company had 826 million customers in the previous quarter.

China Mobile said on Wednesday that its 4G services received 64.2 million new users totaling to 377 million subscribers. However, its income increased by only 0.5 percent to $3.7 billion (¥23.9 billion), missing analysts' forecast of $3.8 billion (¥24.6 billion). Operating revenue was up by 8.7 percent to $27 billion (¥177.5 billion)

Free messaging apps such as WeChat, the most popular app in China, has been reducing revenues of telecommunications company.

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