China Mobile Earnings Driven By Data Traffic Growth

China Mobile, the world's largest mobile operator, published a relatively strong set of first half 2015 earnings, as revenues registered moderate growth despite the effects of the value-added tax introduced last year, while net income remained almost flat, on account of higher depreciation expenses. The most encouraging takeaway from the earnings release was the improvement in ARPU over the second quarter, driven by solid growth in data usage. China Mobile's ARPU, which is its primary valuation ...