China Mobile Adds Record 4.86M Users in January; Total Subscribers Surpass 300M
U.K.'s Vodafone Group Plc is the market leader by revenue. Vodafone Group reported that it had crossed the 200 million subscriber mark in January.
China Mobile is targeting the 800 million people living in rural areas in China. The market penetration in rural areas is about 12 to 15%. An estimated 65% of people in China still don't own mobile phones, compared with about 32% in the U.S., according to industry groups.
China Mobile is expected to sign up 62.5 million users this year, compared with 53.2 million additions last year, according to Merrill Lynch analyst Wendy Liu.
China Unicom, the other major mobile operator in China, signed up 1.38 million users in January.
According to China's Ministry of Information Industry, the country's cellphone users will hit 520 million this year, up from 460 million in 2006. Over 100 million cellphones were sold in 2006 in mainland China.
The U.S. had 201.7 million cell-phone subscribers at the end of 2005, according to the International Telecommunications Union.
The number of cellular connections worldwide will reach 3 billion by the end of 2007, having passed through 2.5 billion during September 2006, according to research firm Wireless Intelligence.
Related/Sources:China Mobile Adds Record Subscribers for Fourth Month - Bloomberg