One of the three major rating agencies fitch, 16, said China mobile's revenue growth and profitability forecast will be subject to other telecom companies and OTT service competition.
OTT is to point to in the operation of the Internet service, the provider does not need to set up the physical concentric reducer steel pipe fittings network, but relying on the operators to provide Internet operations, such as familiar with micro letter, QQ, Skype and other services.
Fitch believes that although the expected growth of 3 g services in the first half of 2013 will continue, but due to the data service margin profit margin is generally lower than the traditional long radius butt weld pipe elbow voice services, operating cash flow will basically remained stable. Fitch estimates that China mobile's 3 g revenue rose 96% from a year in the first half of this year, this will offset due to fierce competition and voice data instead of business led to a decline in their voice and text messaging business income.
However, fitch is expected in the next two to three years, China mobile users and services revenue market share will continue to hydraulic equal tee pipe fitting decline gradually. China mobile's earnings will slow its growth and profitability faced by OTT alternative pressure of competition. In the first half of 2013, China mobile is still from the traditional voice and SMS gain 69% of their revenues, the plate can obtain higher profit but also faces more alternative risk.
Fitch believes that China mobile to speed up to the td-scdma LTE 4 g technology licences will help to reduce the weakness in the field of mobile data. Poor China mobile's 3 g business development has made the company began to lose some high-end mobile users to the end.Recently, the state council issued to promote information consumption policy, including issues of 4 g licences before the end of 2013, and we will accelerate the development of td-scdma LTE guidance.
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