The company responsible for bringing change to this rural outpost: China Mobile Ltd. Since it was…

The company
responsible for bringing change to this rural outpost: China Mobile Ltd. Since
it was spun off from fixedline operator China Telecom Corp. in 2000, China
Mobile has grown into the world’s biggest cellular carrier. The company is
signing up nearly 5 million new customers a month and recently topped the 300
million mark—more than the entire population of the United States. In 2006,
revenues grew 21 percent, to $37.8 billion, and net income 23 percent, to $8.7
billion, estimates Deutsche Bank. And its Hong Kong–traded shares more than doubled
in the past year, giving China Mobile a
»

The company
responsible for bringing change to this rural outpost: China Mobile Ltd. Since
it was spun off from fixedline operator China Telecom Corp. in 2000, China
Mobile has grown into the world’s biggest cellular carrier. The company is
signing up nearly 5 million new customers a month and recently topped the 300
million mark—more than the entire population of the United States. In 2006,
revenues grew 21 percent, to $37.8 billion, and net income 23 percent, to $8.7
billion, estimates Deutsche Bank. And its Hong Kong–traded shares more than doubled
in the past year, giving China Mobile a market capitalization of $198 billion
and making it the most valuable cellular carrier on earth. The company also has
global ambitions: on January 22, 2007, it announced it was buying 89 percent of
Paktel Ltd., Pakistan’s fifth-largest cellular carrier.

»

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