Will China Mobile Stock See a Rise in Demand?
T = Trends for a Stock’s Movement
China Mobile provides mobile telecommunications and related services in 31 provinces, autonomous regions, and directly administered municipalities in mainland China and Hong Kong. China Mobile’s products and services include voice services, which refers to the business where customers make and receive calls with a mobile phone at any point within the coverage of the company’s mobile telecommunications networks and data services, which comprise short message service and multimedia messaging service, wireless data traffic, and applications and information services.
China Mobile, the world’s largest wireless company by subscribers, has started making equipment orders for the building of a 4G network. Chinese companies Huawei and ZTE each received 25 percent of the $3.2 billion contract with European companies Ericsson (NASDAQ:ERIC), Alcatel-Lucent (NYSE:ALU), and Nokia (NYSE:NOK) receiving 10 percent each. Building a 4G network is seen as a crucial step toward the carrier finally getting Apple’s (NASDAQ:AAPL) iPhone.