China Mobile Ltd ADR
China Mobile Ltd ADR
Sector: Telecommunication
Description
China Mobile Limited is a well-known brand providing telecommunication services. It is based in Hong Kong and its headquarters is in Beijing China. The company was founded in the year of 1997 on 3rd September it is a public company owned by the Government of China. The company produces broadbands, wireless voice service, roaming facilities, internet television, digital television etc. The main market of the brand is in the mainland of China and Hong Kong and serves countries like Japan, Thailand, Singapore, Canada, Pakistan etc. It comes under Communication sector, Telecommunication Industry and Telecommunication Sub-industry.
The auditors of the company are PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP and their legal adviser is Sullivan & Cromwell LLP. The company is listed In the Hong Kong Stock Exchange (Code-941) and in New York Stock Exchange (CHL) the ADR size is 1:5 and the company follow financial year from January to 31st December. The subsidiaries of the company are CMHK, China Mobile Group Device Co.Ltd, Zong 4G,Panguso, Aspire holding Limited, China Mobile Tietong, China Mobile International Ltd, MIGU company Limited etc.
In 2020 the company was nominated for “The Global 2000 World’s largest Public Company” by the Forbes magazine, was listed in top most 100 Most valuable Global Brands 2020. The credit rating of the company A+ from the Standard & Poor’s. The company has around 456239 employees working in the company, 210 million customers are using wireless broadband service, and 942 million customers are using their mobile services, The annual revenue of the company was recorded to be RMB768.1 billion. Some of the key people of the company are Yue Li (Chief Executive Officer and Executive Director ), XinDong( Vice president, Executive Director and CFO), etc.
The Internet protocol is well equipped and supports TD-SCDMA (3G), LTE FDD, GSM(2G), TD-LTE (4G) The mobile also offers call waiting facilities, caller id identification, conference calling etc. The competitor of the China Mobile are China Unicorn, Vivo, Cosmote, America Movil, Cosmote, Digice Group, Kyivstar etc. There are three most sold and major products of China Mobile namely Go Tone, Shenzhouxing and M-Zone. The prices of products of the company is pocket friendly and faces a healthy competition. The company does mass advertising and various CSR activities to increase the awareness of the brand amongst the local people as well as internationally
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