China Mobile: Rental Expense Will Reach CNY 40 Billion in 2018

Updated:2018/3/26 10:51

China Mobile annual performance report 2017 was held on March 22nd. According to the report, China Mobile’s capital expenditure fell from CNY 187.3 billion in 2016 to CNY 177.5 billion in 2017, which is expected to fall to CNY 166.1 billion this year.

In terms of tower rental expense, however, it increased 31.3% and reached CNY 36.9 billion, which is expected to reach CNY 40 billion this year.

In 2017, China Mobile rented 160,000 new towers to improve network coverage and the overall sharing rate rose to 39.1%. In 2018, China Mobile will limit the scale of its new towers to 80,000.

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