China Mobile (CHA +1.8%) trades higher on an upgrade to Outperform from Credit Suisse, which sees strong 3G uptake in "Tier 2" Chinese cities leading to double-digit revenue growth for the country's carriers. CS notes 2/3 of China's net adds since April '11 have involved 3G, leading its penetration rate to grow to 15.6% of phones, and that 3G subs tend to sport higher ARPUs. Outperforms are reiterated for China Mobile (NYSE:CHL) and China Unicom (CHU - previous).
China Mobile (CHA +1.8%) trades higher on an upgrade to Outperform from Credit Suisse, which...
Recommended For You
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
CHA | - | - |
China Telecom Corporation Limited |