China Mobile Earnings Preview: Subscriber Adds, Operating Costs And VAT In Focus

In the upcoming earnings release, we expect the company's revenue growth to sustain its momentum backed by aggressive expansion in the 3G and 4G market. The carrier added about 25 million 3G and 4G users in the three month period ending June 2014, of which over 45% users were on the 4G network. This surge in high speed subscribers is also expected to positively impact the company's Average Revenue Per User.